Amid the trend of localized operation, China enterprises are positively striving to become truly international companies. In the future competitive landscape, internationalization will be the key driver for business development, which is not only a competition for market share, but a deep integration of operational capabilities globally.
And how to actively seize opportunities as well as leverage core advantages are becoming the important point for China enterprises to achieve full potential and grow sustainably down the road.
At the beginning of 21st century, China's low-cost labor advantage and opening-up policy pushes the rapid rise of manufacturing industry, and Chinese manufacturing enterprises gradually accumulate ample production experience and industrial supply chain capabilities.
Nowadays, although China's labor cost advantage is wading, the complete and efficient production and supply chain capabilities accumulated over the past two decades are the key advantages for Chinese enterprises to keep an important position in the global industrial chain.
Chinese enterprises have accumulated rich experience and capabilities in related fields such as technology research and development, data processing, user insights as well as business models.
A group of enterprises that deeply rely on digital innovation in business models have also quickly taken the lead globally. With the increasingly advanced technological capabilities in China, digitization will continue to be an important advantage for Chinese enterprises to go global in the foreseeable future.