《经济学人》跨国公司在中国之一

,Anewenvironment,Asmallconsumermarket,0,500,1000,1500,2000,2500,China,Brazil,Australia,SouthKorea,Italy,UK,0,50,100,150,200,Cars,000units,leftaxis,Lifeinsurance,US$m,rightaxis,1998,Source:EIU,SwissRe,Asignificantconsumermarket,0,500,1000,1500,2000,2500,3000,China,Brazil,Australia,SouthKorea,Italy,UK,0,50,100,150,200,250,Cars,000units,leftaxis,Lifeinsurance,US$m,rightaxis,2003,Source:EIU,SwissRe,Alargeindustrialmarket,Source:WTO,Anaccessiblemarket,MuchbetterhardinfrastructureSophisticatedtelecomsnetworkImprovedtransportnetworkBothinternalandexternalImprovedsoftinfrastructureImprovedinternationalconnectivityDomesticeconomicreformWTOentry,MNCsgodeeper,DifferentFDIIT-relatedMorethan60%ofTaiwansITproductionismadeinChinaCapital-intensiveindustriesPetrochemicals,semiconductorServicesectorsFinancialservices,retail,MoreFDI,Source:EIU,MNCsareimportanttoChina,Source:EIU,ChinaisimportanttoMNCs,Source:EIU,Euromonitor,companyreports,estimates.,MNCattitudestoChina,Reportinglines55%havedirectaccesstotheglobalboardChinais.“criticaltoglobalstrategy”-50%.“strategicallyimportant”-41%CEOvisitsinlastyear80%saidglobalCEOhadvisitedatleastonce,Thequestionofprofitability,MNCsaremakingmoneyinChinaCarcompaniesAmchammembersButtheyaremakingmoremoneyfromChinaExportbaseGlobalsourcingcentre,Addressingthemarket,Thecompetition,Guanxi+Operatingingreyareas+Officialandunofficialprotection+Accesstocheapbankcapital+Lackofcorporategovernance=PRICE!,MNCs-brandandmarketing,Source:NielsenMediaResearch,Goinglocal,FinancingBorrowingfromdomesticbanksProductionMovingtocheaperareasinlandSalesIncreasingvolumestoloweraveragecostsResearchanddevelopmentLowercostsandlocaltastes,Mergersandacquisitions,BuyingoutjointventurepartnersTraditionalM&ABasicmarketaccessandexpansionStealingamarchonforeigncompetitionEliminatinglocalcompetitionAcquiringnewabilitiesNotmainstreamyetRegulations,CorporategovernancePrice,Persistentheadaches,Chinasbusinessenvironment,Source:EIU,Infrastructureanddistribution,Over-burdenedphysicalinfrastructureTransportcongestionElectricityshortagesLackofsophisticationPoorintegrationofdifferenttransportmodesRegulationsondistributionThewayforwardTheeastcoastisbetterWorkaroundregulationsPiggybackonchainstores,Regulationandcorruption,RegulationCentralgovernmentrestrictionsLocalgovernmentprotectionismRedtapeCorruptionSeriousproblemforforeignbusinessesThewayforwardWTOopeningLobbying,Skillsshortages,Source:WorldBank,Seriouswageinflation,Source:EIU,HewittAssociates,Intellectualpropertytheft,ImprovinglawsandregulationsInadequateenforcementAnunavoidablecostSurvivalstrategy:self-preservation,Corruptioncausesmostconcern,Source:EIU,Conclusions,Chinaiscomingofag