久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Serving high-end products to the whole world

Go-getting domestic firms tap new sectors abroad for growth, take on competitors

By ZHONG NAN | China Daily | Updated: 2024-04-01 09:00
Share
Share - WeChat
Visitors try out Huawei products during a new product release in Barcelona, Spain. [Photo/Xinhua]

For decades, Chinese companies have distinguished themselves abroad by undertaking large-scale construction and energy projects. Now, however, as many parts of the world enter a new phase of development, they are tweaking their strategies to better align with the evolving environment. Their focus is on generating revenue through higher-value business ventures that are more suited to the changing scene.

For instance, just as multinational automotive manufacturers such as General Motors Co from the United States and Stellantis NV from the Netherlands recently revealed plans to upgrade their production facilities in Brazil and launch a hybrid vehicle in that country later this year, Chinese automaker BYD initiated the construction of its new manufacturing facilities in the Brazilian state of Bahia in early March.

BYD's Brazil unit will produce electric and hybrid vehicles, electric buses and trucks, and battery products for both local and global markets.

According to an announcement from the local government, BYD's automobile manufacturing plant is anticipated to begin operations between late this year and early 2025. The initial production capacity is set at 150,000 electric and hybrid vehicles per year, with potential to expand to 300,000 units in the future.

Recognizing the need to directly compete with both domestic and international competitors in foreign markets, Great Wall Motor Co Ltd, another Chinese automaker, started upgrading its production lines at its factory in the Brazilian state of Sao Paulo last year. The company plans to start manufacturing electric vehicles later this year.

Even though ports, bridges, railway lines, mining and energy-related facilities continue to bear testimony to Chinese firms' capabilities, a growing number of Chinese companies are now expanding their ventures into high-tech manufacturing, innovation-driven businesses, clean energy, logistics, cross-border e-commerce and service sectors abroad, said Lyu Yue, a professor of the Academy of China Open Economy Studies, part of the University of International Business and Economics in Beijing.

China's nonfinancial outbound direct investment grew by nearly 17 percent year-on-year to 916.99 billion yuan ($127.37 billion) in 2023, data from the Ministry of Commerce showed.

Nonfinancial ODI in countries and regions participating in the Belt and Road Initiative came in at 224.09 billion yuan last year, soaring more than 28 percent year-on-year.

China's ongoing efforts to expand its institutional opening-up and seal high-standard economic and free trade deals, coupled with the rapid growth of its tech-intensive green product industries, are expected to drive its companies to strategically invest in new plants, service and innovation facilities in overseas markets, said Zhao Ping, dean of the Beijing-based Academy of China Council for the Promotion of International Trade.

"The ongoing restructuring of the global supply chain presents opportunities for Chinese companies to align their strengths with evolving market demands. Chinese firms are demonstrating strong competitiveness in manufacturing sectors like new energy vehicles, lithium-ion batteries and photovoltaic products, resulting in greater acceptance of their involvement by numerous countries," said Zhao. She predicted that China's ODI will grow steadily this year.

1 2 Next   >>|
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 欧洲亚洲综合一区二区三区 | 成人在线免费播放 | 国产精品免费大片一区二区 | 亚洲理论片在线观看 | 日韩精品一区二区三区中文在线 | 亚洲毛片在线 | 国产精品 色| 在线精品国内外视频 | 久久精品国产99国产精品免费看 | 人与拘一级a毛片 | 男女性高爱潮免费的国产 | 亚洲国产毛片 | 韩国美女毛片 | 国产精品黄网站 | 手机在线观看黄色网址 | 91热播 | 女人成午夜大片7777在线 | 女人被男人躁得好爽免费文 | 99在线视频精品 | 成年美女黄网站色视频大全免费 | 国产一区二区三区精品久久呦 | 国产成人高清 | 亚洲第一页在线视频 | 一级毛片一级毛片a毛片欧美 | 免费毛片网站 | 欧美一区二区三区国产精品 | 成人h网站| 亚洲国产天堂久久综合图区 | 男女配种猛烈免费视频 | 99精品网 | 国产第一夜 | 爱爱毛片 | 在线成人亚洲 | 中文字幕亚洲天堂 | 欧美黄色精品 | 18视频免费网址在线观看 | 精品国产日韩久久亚洲 | www色在线| 日韩视频在线观看中字 | 亚洲国产一级毛片 | 亚洲一区二区三区一品精 |