The international financial crisis has accelerated the process of China's economic internationalization. February 9, 200919,02 02: 10/0, China Securities Network-shanghai securities news Dazhong Xiaozi * * * has 0 comments. First of all, the global financial crisis has intensified the changes in the world economic structure. Since the summer of 2008, the financial crisis originating from Wall Street has cast a shadow over the world economy. The financial crisis spread to the real economy, exposing the problems existing in the operation of the world economy. However, after 30 years of reform and opening-up, China has made great achievements in integrating into globalization, and the criticism of economic internationalization can only be abandoned because of choking. Despite the severe impact of the financial crisis on the world economy, the pattern of China leading growth has not changed in the new economic cycle. As the largest developing country, China's economic status is stable.

In 2009, the American economy will face a negative growth of 1.6%, the euro zone will face a negative growth of -2%, and Japan will face a negative growth of -2.6%. China put forward the macroeconomic target of "GDP growth of 8%" in 2009, which further highlighted the dependence of world economic growth on China.

Since this century, the contribution of the United States and China to the world economic growth has been in a ebb and flow state. After 2004, China has been rising, while the United States has been falling (see chart). According to the World Economic Report 2009 recently released by the United Nations, the world economic growth rate may be only 1% in 2009, while China's economic growth rate will reach 7.8%-8.9%, and China's contribution rate to world economic growth will increase from 22% in 2008 to 50% in 2009.

Secondly, the financial crisis has accelerated the internationalization of China's economy. The financial crisis has led to a sharp deterioration of economic and financial indicators in most countries and regions around the world. The contradiction of the real economy provides an opportunity for the re-integration of resources around the world. On the one hand, asset prices in developed countries have shrunk, and many enterprises are in trouble and are in urgent need of capital assistance. On the other hand, some countries have sufficient funds, lack resources and core technologies, and excess capacity needs to be eliminated and transferred. At the same time, there are still many underdeveloped countries that need funds, technology and management. Each takes his own needs, which will inevitably lead to global large-scale mergers and acquisitions and restructuring. China has nearly $2 trillion in foreign exchange reserves, and will take this opportunity to increase foreign investment to acquire resources and core technologies. At the same time, the transfer of excess capacity will also accelerate the export of capital, technology and management in China.

In March 2009, Geely Lightning acquired DSI Transmission Company, which became the first successful case of overseas bargain-hunting under the global financial crisis. Domestic enterprises seize the opportunity to "bargain-hunting" overseas technology research and development centers. Chongqing and other regions are dominated by the government, spending huge sums of money to buy important resources such as land, iron ore, machinery and equipment overseas. The overseas investment subjects of China enterprises are becoming more and more diversified, and the industry span is also growing. 50% of them are cross-border mergers and acquisitions. To this end, in April 2009, the Ministry of Commerce issued the Measures for the Administration of Overseas Investment, which delegated most of the examination and approval authority to the provincial commerce authorities. The new method provides greater convenience for enterprises to invest overseas, and the acceleration of overseas investment approval will encourage more enterprises to go abroad.

Third, China's export of capital, technology and management is welcomed by developing countries, because the nationalization of China's economy is a new win-win model. At present, there is still much room for economic exchanges between China and Latin America, Africa, West Asia and other regions. The industrial systems of these countries and regions are still incomplete, and the composition of manufacturing output value is highly complementary to that of China. For example, five South American countries, Argentina, Brazil, Chile, Colombia and Peru, give priority to the development of natural resource processing industries, focusing on the production of natural resource-intensive products based on mining raw materials such as vegetable oil, pulp, paper and steel, and light industries such as textiles.

In the process of economic globalization, only by following the trend, understanding the objective laws of economic development and taking the road of economic internationalization can the development of social productive forces in China break through the constraints of limited resources and markets, enter a broad development space, and the economic rise can be truly realized. How to take every step of economic internationalization well and embark on a road of economic internationalization with China characteristics is a great test for the elite of the Chinese nation.

China's economic internationalization has developed rapidly in the international environment of 2 1 century, and it will surely embark on its own unique road of economic internationalization.

Compared with Japanese and Korean economic internationalization, China's economic internationalization environment is quite different. During the period of industrial transformation and rapid economic internationalization, Japan's historical environment is very superior. Although there were two oil crises, they were all short-lived. Generally speaking, energy and raw materials are abundant and the prices are low. At the same time, developing countries such as China have become their huge markets. The environment of China's economic internationalization is different from Japan and South Korea in terms of resource constraints and market constraints of economic growth. In order to promote the process of economic internationalization in the international environment of high prices of energy and raw materials and insufficient supply, we must take the road of new industrialization, completely change the mode of economic growth and innovate energy-saving economic internationalization.

China has changed from the weakness of economic internationalization to the representative of developing countries today. The economic internationalization with China characteristics is bound to be mutually beneficial and win-win cooperation with developing countries, which embodies the harmonious culture of China. As a big developing country, China stepped onto the stage of world economic history and participated in the formulation of international economic order. We will never make rules that are beneficial to China's development and will harm the long-term development of other countries only from our own interests. On the contrary, in international economic affairs, we will take * * * as the guiding ideology and actively promote the development of the international economic order in a more reasonable direction.

In the process of stepping out of the road of economic internationalization with China characteristics, it is very important for the government, as the maker of strategies and policies, to understand and grasp the laws of economic internationalization. Enterprises are not only the main body of market economy, but also the carrier of economic internationalization. How to give full play to the global resource allocation function, innovate the internationalization of energy-saving economy, effectively avoid the internationalization of risk economy, and build a harmonious and win-win opening pattern requires internationally competitive enterprises to undertake these responsibilities. Whether we can deeply understand and study the new trend of economic internationalization and put forward reasonable suggestions for policy making and enterprise action is a test for China academic circles.

(The author is the director, professor and doctoral supervisor of the Research Center for Futures and Financial Derivatives of China Agricultural University.)

agriculture

The latest addition of ranking names

1 Hejia shares 7.42 2.49%

2. Extended chemical structure 12. 14-0.44438+0%

3 *ST fragrant pear 12.42 -0.48%

4 Yasheng Group 5.54 -0.72%

5 Fengle Seed Industry 12.90-1.75%

The latest decline in ranking names

1 sdic middle road 12.74-10.03%

Second place Songjiang 1 1.24 -4.99%

3 *ST Jiufa 6.20 -4.76%

4 S ST Huasu 8.47 -4.40%

5 *ST middle peasants 7.37 -4.29%

electron

The latest addition of ranking names

1 South China University of Technology 12.67 5.23%

2 Xinjialian 13.88 3.97%

3 Aerospace Electrical Appliances 12.83 0.08%

4 Lai Bao High-tech 20.42 0.05%

5 Suzhou solid technetium 7.89 -0.38%

The latest decline in ranking names

1 santai electronics 46.02 -9.4 1%

2 North Mine Magnetic Materials 10.36 -8.32%

3 Economy Electronics 6.74 -7.92%

4 Gemstone A 9. 13 -7.59%

5 radio and television electronics 6.7 1 -6.42%

manufacturing industry

The latest addition of ranking names

1 N Zhonglian 4 1.40 38.00%

2 North Li Jian 55.0 1 37.53%

3 N Pulitzer 30.80 36.89%

4 shanying paper 6. 1 1 8.33%

5 Chuangyuan Technology 10. 10 6.43%

The latest decline in ranking names

1 Dalong real estate 16.49 -9.99%

2 Yaxing Bus 7.93 -9.99%

3 Square Textile 1 1.64 -9.98%

4 suning universal 13.46 -9.97%

5 Le Tong shares 3 1.88 -9.89%

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