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Commerce ministry officials said nearly 80 percent of central soes have made profits from overseas investment

Commerce ministry officials said nearly 80 percent of central soes have made profits from overseas investment

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Our reporter geng yanbing reports from Beijing
"Special protection (special safeguard measures)", "double countervailing duty (anti-dumping and countervailing duty)"... Since the beginning of this year, these professional words in international trade have been stirring the nerves of many industries in China.
"China has been the country suffering the most anti-dumping investigations in the world for 14 consecutive years, and the country suffering the most countervailing investigations in the world for three consecutive years." Yang yi, director of the industrial injury investigation bureau of the ministry of commerce, told the financial times that recently, he led the investigation team to gansu, hubei and other provinces to investigate the damage of enterprises.
"How to make rational use of the international prevailing rules and promote the healthy and rapid development of the industry is an important task facing the government, the industry and the enterprises." In the interview, he said that the industry and enterprises should fully build and make use of the platform of the industry briefing, and timely report problems encountered in the development to the industry damage bureau, so as to realize the joint efforts of the three parties and safeguard their rights and interests.
The endless trade protection measures are the helpless pressure faced by Chinese enterprises, but Yang yi believes that Chinese enterprises should have the motivation to "face up to the difficulties".
"Gather advantages, transform and upgrade, and enhance the international competitiveness of industries" -- Yang yi borrowed the theme of the 6th BBS conference on the international competitiveness of Chinese industries to be held on October 28. The BBS was jointly convened by the ministry of commerce, the ministry of industry and information technology and the Shanghai municipal people's government. There are three topics under BBS. One is "industrial competition: changes and prospects in 60 years". Second, "financial crisis: breaking through global trade protectionism"; Third, "overseas m&a: the strategic choice of 'going out'". These topics will be the focus of the current industrial economic development of in-depth discussion, will be of great reference significance to enhance the international competitiveness of China's industry.
He believes that the current international financial crisis has gradually deepened and spread its impact on the real economy, and the international trade situation has become more complex and volatile. However, the strong financing demand of enterprises in developed countries after the financial crisis has created opportunities for Chinese enterprises to conduct overseas mergers and acquisitions, and made Chinese enterprises face good opportunities for overseas expansion through mergers and acquisitions.
"From the overall profit and loss situation of overseas enterprises set up by central enterprises, profit enterprises account for 79.9 percent." Tengzhong's said.
117 central soes have invested overseas
"21st century" : the global financial crisis has gradually deepened its impact on China's industry. Under this background, the new situation and features of global trade protectionism have put forward new requirements for improving industrial competitiveness. As enterprises and industries, how to enhance international competitiveness?
Yang yi: adjusting industrial structure, agglomeration advantage and transformation and upgrading are the key points to further enhance the international competitiveness of China's industries.
While maintaining growth, enterprises should pay more attention to promoting structural adjustment, resolutely curb overcapacity and redundant construction in some industries, and vigorously develop high-tech industries and service industries that meet market demand.
21st century: we have noticed that the BBS on 28th focuses on the "overseas m&a" of enterprises. The financial crisis revalued the overseas asset prices, and domestic enterprises chose to "go out" at this time. What are their achievements?
Yang yi: enterprise merger and acquisition is the main means for enterprises to achieve rapid development and carry out global operation, as well as an important strategic tool for acquiring other enterprise technologies, markets and other resources.
According to the ministry of commerce, by the end of 2008, 117 of the 136 central soes under the supervision of the state-owned assets supervision and administration commission had conducted fdi, accounting for 86% of the total number of central soes. In terms of the overall profit and loss of overseas enterprises set up by central enterprises, profit enterprises account for 79.9%, basically unchanged 2.5%, and loss enterprises account for 17.6%.
21st century: how to provide policy support for those enterprises with merger intention?
Yang yi: in the "implementation of the strategy of going global", China has clearly put forward that it supports
Our reporter geng yanbing reports from Beijing
"Special protection (special safeguard measures)", "double countervailing duty (anti-dumping and countervailing duty)"... Since the beginning of this year, these professional words in international trade have been stirring the nerves of many industries in China.
"China has been the country suffering the most anti-dumping investigations in the world for 14 consecutive years, and the country suffering the most countervailing investigations in the world for three consecutive years." Yang yi, director of the industrial injury investigation bureau of the ministry of commerce, told the financial times that recently, he led the investigation team to gansu, hubei and other provinces to investigate the damage of enterprises.
"How to make rational use of the international prevailing rules and promote the healthy and rapid development of the industry is an important task facing the government, the industry and the enterprises." In the interview, he said that the industry and enterprises should fully build and make use of the platform of the industry briefing, and timely report problems encountered in the development to the industry damage bureau, so as to realize the joint efforts of the three parties and safeguard their rights and interests.
The endless trade protection measures are the helpless pressure faced by Chinese enterprises, but Yang yi believes that Chinese enterprises should have the motivation to "face up to the difficulties".
"Gather advantages, transform and upgrade, and enhance the international competitiveness of industries" -- Yang yi borrowed the theme of the 6th BBS conference on the international competitiveness of Chinese industries to be held on October 28. The BBS was jointly convened by the ministry of commerce, the ministry of industry and information technology and the Shanghai municipal people's government. There are three topics under BBS. One is "industrial competition: changes and prospects in 60 years". Second, "financial crisis: breaking through global trade protectionism"; Third, "overseas m&a: the strategic choice of 'going out'". These topics will be the focus of the current industrial economic development of in-depth discussion, will be of great reference significance to enhance the international competitiveness of China's industry.
He believes that the current international financial crisis has gradually deepened and spread its impact on the real economy, and the international trade situation has become more complex and volatile. However, the strong financing demand of enterprises in developed countries after the financial crisis has created opportunities for Chinese enterprises to conduct overseas mergers and acquisitions, and made Chinese enterprises face good opportunities for overseas expansion through mergers and acquisitions.
"From the overall profit and loss situation of overseas enterprises set up by central enterprises, profit enterprises account for 79.9 percent." Tengzhong's said.
117 central soes have invested overseas
"21st century" : the global financial crisis has gradually deepened its impact on China's industry. Under this background, the new situation and features of global trade protectionism have put forward new requirements for improving industrial competitiveness. As enterprises and industries, how to enhance international competitiveness?
Yang yi: adjusting industrial structure, agglomeration advantage and transformation and upgrading are the key points to further enhance the international competitiveness of China's industries.
While maintaining growth, enterprises should pay more attention to promoting structural adjustment, resolutely curb overcapacity and redundant construction in some industries, and vigorously develop high-tech industries and service industries that meet market demand.
21st century: we have noticed that the BBS on 28th focuses on the "overseas m&a" of enterprises. The financial crisis revalued the overseas asset prices, and domestic enterprises chose to "go out" at this time. What are their achievements?
Yang yi: enterprise merger and acquisition is the main means for enterprises to achieve rapid development and carry out global operation, as well as an important strategic tool for acquiring other enterprise technologies, markets and other resources.
According to the ministry of commerce, by the end of 2008, 117 of the 136 central soes under the supervision of the state-owned assets supervision and administration commission had conducted fdi, accounting for 86% of the total number of central soes. In terms of the overall profit and loss of overseas enterprises set up by central enterprises, profit enterprises account for 79.9%, basically unchanged 2.5%, and loss enterprises account for 17.6%.
21st century: how to provide policy support for those enterprises with merger intention?
Yang yi: in the "implementation of the strategy of going global", China has clearly put forward that it supports the outward direct investment and transnational operation of enterprises with conditions, and guides enterprises to carry out overseas processing trade and promote the diversification of the origin of products with the focus on advantageous industries.
We also hope to cultivate and develop China's transnational corporations through transnational mergers and acquisitions, equity participation, listing, restructuring and joint ventures, and actively support and encourage enterprises to "go global" and establish their own global production system. At the same time, we will improve the overseas investment promotion and guarantee system, strengthen overall planning and coordination of overseas investment, risk management and supervision of overseas state-owned assets.
The situation of trade protection remains grim
21st century: recently, Chinese enterprises are faced with increasing anti-dumping, anti-subsidy and other forms of trade protection from foreign countries. Why?
Yang yi: in recent years, the international financial crisis has continued to spread. The recession of developed economies such as the United States, Europe and Japan has deepened. Emerging economies and developing countries are generally in trouble. In order to ease domestic economic difficulties and prevent trade diversion caused by shrinking international market, some countries have taken measures to protect domestic industries, and global trade protectionism is rapidly rising.
In this situation, trade friction caused by global trade protectionism is increasingly intensified. Various forms of technical barriers to trade, import restrictions and discriminatory rules have plagued China's export enterprises, and trade frictions have greatly hindered China's participation in globalization and industrial internationalization.
21st century: what are the implications of these protectionist policies?
Yang yi: as the third largest trading entity and the second largest exporter in the world, China has become the main object of international trade frictions.
In the first eight months of this year, China has been confronted with 79 investigations from 17 countries (regions), with a year-on-year growth of 16.2%. The amount involved reached us $10.035 billion, with a year-on-year growth of 121.2%. So far, China has been the country suffering the most anti-dumping investigations in the world for 14 consecutive years, and the country suffering the most countervailing investigations in the world for 3 consecutive years.
When the world economy has not yet recovered, we believe that protectionism will only drag down the recovery of the world economy, and the ultimate victims will be companies and people of all countries. We are firmly opposed to trade protectionism in any form.
21st century: apart from other countries' own interests, what are the problems revealed by the escalating trade frictions?
Yang yi: the financial crisis that broke out in the second half of 2008 has exerted a deepening impact on the international economy and exerted a profound negative impact on the Chinese economy. The growth rate of some industries has slowed down obviously, and some industries even suffer losses. In some regions, a large number of small and medium-sized enterprises have closed down, which exposes the unreasonable industrial structure caused by the export-oriented growth model accumulated by China's long-term high-speed growth.
Key industries should be established as soon as possible
Industrial damage early warning mechanism
21st century: at present, China's export recovery prospects are still grim. How can enterprises and industries effectively protect their legitimate rights and interests?
Yang yi: how to make rational use of the international prevailing rules and promote the healthy and rapid development of the industry is an important subject faced by the government, the industry and the enterprises.
Enterprises should take the initiative to improve their innovation ability and core competitiveness, conform to the policy orientation, adjust the structure and promote optimization, expand the advantages of existing products, and develop and strengthen themselves.
Industry associations and intermediary organizations should play the role of a bridge between the government and enterprises, communicate information to the public and upload public opinions, timely reflect the key, difficult and hot issues in the field of industry development and industrial safety, and help enterprises solve practical difficulties and tide over difficulties together.
At the same time, the industry and enterprises should fully build and make use of the platform of the industrial ventilation conference, and report the problems encountered in the development to our bureau in time, so as to find out the problems in time.
21st century: the ministry of commerce has established an industrial injury warning mechanism for key industries. What specific role does this mechanism play in industrial development?
Yang yi: the industrial damage early warning system was established at the end of 2001. From the experience of various countries, the establishment of industrial damage early warning mechanism is a basic and necessary measure to maintain the safety of domestic industries.
According to the foreign trade law, which came into effect on July 1, 2004, establishing an early warning and emergency mechanism and maintaining national economic security are the important responsibilities of commercial executives at all levels. In addition, improving the early warning mechanism for industrial damage has been listed as a key work of the state council for three consecutive years.
At present, China has established industrial damage warning mechanism in automobile, petrochemical, steel, textile, electronic information, machine tool, logistics and other industries. Through information collection system, analysis and decision-making system, information release system, expert system and promotion and application system, industrial damage warning system will eventually achieve the goal of accurate prediction, timely warning, feasible plan and effective pre-control.