2012年6月13日星期三

Chinese companies flock to Europe


Photo: Bloomberg
News in Photo: 2020, private investment, mainly in Europe and China investment will reach $ 500 billion. France absorbed most of the investment. Followed by the UK and Germany.
This is a truly explosive growth. Compared with $ 3.6 billion in 2010 to last year, Chinese investment in Europe has actually grown-fold, reaching $ 10 billion (about € 7.4 billion). According to the study released Thursday by the advisory body of a called the Rhodium, 2008, China's investment in Europe is less than five hundred million, in 2020, this figure will reach 500 billion.
With some point of difference is that the investment not only from the large state-owned enterprises. If the investment of state-owned enterprises, the $ 21 billion of the total investment in Europe in 2000, China accounted for 72% of the words, but it is a private enterprise in the same period, two-thirds of all the 573 than the transaction.
Although the state by implementing the "going out" policy to encourage foreign investment, the Rhodium institutions believe that the primary motivation of the trade needs of these investments. Chinese enterprises want to buy the brand and learning process. In the debt crisis in Europe as well as the national currency appreciation of the yuan, also makes it easier for enterprises to make acquisitions.
To break the view of other findings: China's interest is no longer limited to the raw materials market, but turned to a more "mature" market. France, for example, the investment limited liability company for $ 3.2 billion acquisition of a 30% stake in the exploration and production subsidiaries of Gaz de France Suez Group, to allow France to become China's largest investment objectives, the face of England and German market, while China is willing to invest in almost all areas.
Geely (Geely) Holdings acquired Sweden's Volvo (Volvo) manufacturers, Lenovo took over the computer maker Medion in Germany. Plus on Huawei Technologies (Huawei), Sany Heavy Industry (Sany) and Wolong Holding (Wolong), they occupy the position of the five largest private enterprises in China. In contrast, in the large state-owned group, listed China Life Insurance (CIC), Yantai, China Petrochemical Chia, Petroleum, China National Chemical Group (National Chemical,), as well as COSCO Group (COSCO).
Maintain employment
Those in power to master the Chinese economic policy, and to some extent, with the investment in the name do not avoid risk, the Rhodium institutions pay more attention to the benefits they can bring. Not just the so-called "buy European", this ancient continent can take this to be "exploring new markets, export activities more efficient, reduce costs and economies of scale."
Chinese funds to ensure the investment in the location of the level of employment in these areas are already faced with the problem of employment. HEC Eurasia Institute of Natalie. Jiang pointed out that in 2001, Volvo's sales growth 20%, the Group was able to resume development. "She then added:" Today, they then consider in the establishment of a brand. "
The Rhodium agency is optimistic that the EU decision-makers what concerns to the Chinese people should "open the door. They assert that "between China and Europe still has much room to write a chapter of history."


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