日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

Half of major SOEs' profits set to be made from abroad

By Bao Chang | China Daily | Updated: 2013-07-30 07:14

Half of major SOEs' profits set to be made from abroad

Better use of resources and choice of market to help meet the target

Half of central government State-owned enterprises' profits will come from their overseas operations in the next five years, compared with less than 38 percent at present, according to the State-owned assets watchdog.

The target can be achieved through better allocation of resources, choice of market, brand-building and industrial upgrading, rather than asset acquisitions, experts say.

"We will focus on the structure of corporate profits when we evaluate central SOEs' international operations in the next few years," said Liu Nanchang, director of the Performance Evaluation Bureau of the State-owned Assets Supervision and Administration Commission.

The SOEs' international networks and business scale will also be key criteria in the assessment, he added.

Since 2003, when the commission was formed, it has carried out annual reviews on the performance of central SOEs and their leaders.

At the start of the nation's 12th Five-Year Plan (2011-15), the commission made it a top priority to develop central SOEs into top multinationals globally.

Forty-four central SOEs are listed on the Fortune Global 500 in 2013, with China Petrochemical Corp, China National Petroleum Corp and State Grid Corp in the top 10.

The Fortune Global 500 is an annual ranking of the top 500 corporations worldwide, measured by revenue. It is compiled and published by Fortune magazine.

Liu said: "We plan to take five to 10 years to allocate the major part of central SOEs' resources in global markets.

"We will spare no effort to promote international competitiveness of the central SOEs, which are requested to withdraw from low-end industrial chains and concentrate on premium overseas markets."

Overseas assets of Chinese companies, which have more than 15,000 branches worldwide, are valued at more than $1 trillion, with half coming from State-owned enterprises, according to the commission.

But compared with their foreign counterparts, the overseas business of Chinese enterprises still accounts for a relatively small proportion, according

to Kang Yan, senior partner at Roland Berger Strategy Consultants (Shanghai).

He attributes this to a lack of motivation.

While Japanese and South Korean companies have faced shrinking domestic markets, Chinese enterprises have generated large profits from the domestic market in recent years, making them less eager to tap the international market, according to Kang.

Samsung Electronics began its internationalization drive as early as the 1970s by continuously establishing sales networks and production bases in major markets such as the United States, the United Kingdom, Mexico and China.

As a result, Samsung accounted for 23.6 percent of the world market for mobiles in the first quarter of this year, the leading position globally, according to US market research firm Gartner Inc.

China National Petroleum Corp, with assets worth more than 3 trillion yuan ($488.7 billion), overtook Exxon Mobil and Royal Dutch Shell in value last year. But its overseas revenue accounted for only 20 percent of its total income, compared with about 70 percent for Exxon Mobil and Shell.

Huang Shuhe, the commission's vice-chairman, said earlier that Chinese SOEs should follow the example of major multinationals in their global expansion.

But Kang said it will take a long time for Chinese companies to increase their international competitiveness.

Currently, many central SOEs focus on the acquisition of foreign assets to expand their international reach. But Kang said they can generate more profits from "an optimized network layout", a complete industry chain and business operations that directly serve customers in foreign markets.

One example is China National Offshore Oil Corp, which acquired Canadian energy group Nexen in February.

The State-owned oil and gas producer plans to list its shares in Canada and establish its North American headquarters in the country, reflecting a new strategy for Chinese SOEs investing abroad.

Most Viewed in 24 Hours
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: 久久天天躁狠狠躁夜夜躁2014 | 欧美ol丝袜高跟秘书在线播放 | 免费观看黄的小视频 | 欧美在线观看一区二区 | 日韩亚洲人成网站在线播放 | 欧美精品v国产精品v日韩精品 | 欧美成人精品一区二区三区 | 午夜亚洲国产成人不卡在线 | 九九久久国产精品大片 | 国产精品久久久久免费 | a视频在线观看免费 | 婷婷97狠狠的狠狠的爱 | 高清性做爰免费无遮挡网站 | 黑人群姣中国妞在线观看 | 久久亚洲国产成人亚 | 久一久久| 亚洲依依成人综合网站 | 偶像练习生在线免费观看 | 日韩视频在线一区二区 | 激情小说色 | wwwbnb89| 色秀视频免费高清网站 | 桃色网站入口 | 成人免费a视频 | 日本一级高清不卡视频在线 | 国产精品点击进入在线影院高清 | 综合精品在线 | 国产精品片aa在线观看 | 特级黄视频| 免费视频不卡一区二区三区 | 亚洲一区在线免费观看 | 九九99国产精品视频 | 国产高清毛片 | 天天射天天怕 | 亚洲免费网 | 免费一级毛片在线播放欧美 | 99久久精品国产亚洲 | 成人国产精品色哟哟 | 黄色片免费看网站 | a成人| 亚洲日本中文字幕区 |