Economic globalization, China's foreign contracted

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Economic globalization, China's foreign contracted projects under the company's strategic choice

International project of international economic and technological cooperation is an important part of technology trade is trade in goods and services trade of the integrated vector. In the current booming economic globalization and China's imminent accession to the World Trade Organization's situation, the great cause of development of foreign contracted projects on China's reform and opening up and socialist modernization drive brought an extremely important strategic significance. Conducive to export expansion, speeding up China's power from a big trading nation to the process of development; is conducive to the effective use of two resources and two markets at home and abroad, the transfer of surplus domestic capacity-building; is conducive to promoting China's enterprises to globalization, China's multinational corporations foster and enhance international competitiveness; is conducive to promoting China's foreign political and economic relations, particularly relations with developing countries. In this regard, China's foreign contracted projects of major corporate responsibility, duty. To do this we must study the development of economic globalization and international engineering contracting market the new characteristics of the new trends, adjust business strategy, increase efforts to strive to open up, to seize opportunities, meet challenges, and constantly create a new situation of China's foreign contracted projects . a world of rapid economic globalization economic globalization is the world's major feature of economic development, it has brought world wide and profound impact are bound to affect international project contracting, therefore, to understand and study the development of economic globalization and performance characteristics, the deep understanding and grasp of the international engineering contracting market trends and characteristics, choosing the right strategy has very important significance. The main features of economic globalization: 1. The increasing influence of multinational corporations multinational companies is considered an important driving force of economic globalization, and economic globalization continue to development, but also for multinational companies to create a larger space for development. According to the United Nations They control the world 1 / 3 of the 70% of the production of direct foreign investment, 2 / 3 of world trade, 70% of the patented technology and other technology transfer. October 3 issued at the meeting of trade, to nearly 13.4 trillion U.S. dollars, while total sales of TNCs in 1998 was 2.4 trillion U.S. dollars. These multinational companies through the introduction of market the most effective allocation of resources, and obtain the maximum benefit and achieve rapid development. Multinational companies have become world economic stage as an important force, some large multinational companies with annual sales volume of gross domestic product compared to most countries seem. 2. Continued rapid growth of foreign investment, international economic and technological cooperation increasingly important committed to economic globalization, trade, finance, investment liberalization, so that factors of production in the global flow more easily, accelerating trend. . Under globalization, foreign investment has exceeded the pace of development and the importance of international trade. Growth rate from the point of view, from 1985 to 1995, foreign direct investment rose 17.2% on average, about average annual growth rate of international trade, doubled. From the U.S. perspective, U.S. exports in 1994, only 235 billion U.S. dollars, while its total sales of overseas investment is more than 1 trillion. Can be seen, first-class international competitiveness of the United States mainly in the field of international economic cooperation, rather than the traditional international trade. In concert with this, in recent years, countries and international organizations in the formulation of economic laws, rules, the main issues of international trade from the traditional to the field of international economic cooperation, such as trade-related investment rules, intellectual property protection. According to statistics, 60 countries in 1998 of 145 projects involving foreign direct investment regulations were modified, 94% of the changes is to create a more favorable to foreign direct investment and relaxed environment. 3. Financial globalization accelerated Finance is the core of modern economy, financial globalization is an important component of globalization, and manifestation, international trade, international investment are from the non- open the financial sector support and participation. In recent years, the international foreign exchange trading, securities, equity and loan based on the rapid development of the international financial market transactions. Foreign exchange market, for example, the daily turnover in 1973, only 150 million U.S. dollars to 60 billion U.S. dollars in 1983, rapid development in 1992 to 900 billion U.S. dollars in 1997 to reach 1.4 trillion U.S. dollars on average. Foreign exchange transactions and the ratio of world trade in 1997 was 9:1.1983 year 12:1,1992 of 90:1, and 100:1 in 1997, at the same time, financial institutions are global, the performance of official increase of international institutions, such as the G-7, APEC, such as the impact of the Group of 77 and the expanding role of coordination; international financial institutions such as the International Monetary Fund, World Bank, the Bank for International Settlements, the position further strengthened the power of multinational banks is also growing, there has been a number of banking giant. Second, the international engineering contracting market, the emergence of new trends international engineering contracting market, the rise and fall by the world economy and major political, economic, and military impact of the incident is very clear, with a strong non- certainty. In recent years, the development trend of the world economy is good, contract engineering market is also expanding. According to the U.S., rate in 2003 will reach 4.1 trillion U.S. dollars at the same time scale, international engineering contracting market also showed some new features and trends. 1. Contracted engineering to expand. international project has exceeded the original construction and management of a single, extended to the investment rules, project design, international consulting, international finance, procurement, technology trade, labor cooperation, project operations, personnel training, guidance use, post the whole process of maintenance and other related items, full-service in many areas, an international investment and international trade of the integrated vector, and extended to the construction sector from a purely industrial areas, mines, dams, power, petrochemical, metallurgy, transportation, communications large projects and other industries increased significantly. International Contract Engineering from the main infrastructure for the labor-intensive to technology intensive sets of progressive and labor-intensive infrastructure projects simultaneously. According to August 14, 2000 edition of the American, to 42.31 billion U.S. dollars, accounting for 35.7%, of which 2.69 billion turnover industry, processing industry $ 11,720,000,000, $ 27,900,000,000 petrochemical industry; transportation market turnover 20.9 billion, accounting for 17.6% of the total; electricity market turnover amounted to $ 7,190,000,000, 6.1%; for drainage, sewage treatment and hazardous waste disposal, environmental protection industry, 6.17 billion U.S. dollars, accounting for 5.2%. 2. to the contractor demanding (1) contracting methods diversity, flexibility increases. Today the international engineering contracting market for single tends to reduce the construction requirements, the customer required the contractor to provide more project Such as the EPC (design - Procurement - Construction),[link widoczny dla zalogowanych], BOT (build - operate - transfer), DDB (development - design - construction), DBFM (Design - Construction - Facilities Management), PDBFM (finance - - Purchase - Design - Construction - Facilities Management), etc. appear, and thus the size of the contractor, the technical level, management level, financing capacity and resilience are all put forward higher requirements. International large projects tend to develop more, risks, share the profits. America's largest engineering contractor Bechtel 50% of the projects belong to this situation. From our point of view contact information of several projects, they are developers to do a project feasibility report and design options, and then ask our contractors to open a bank guarantee, we guarantee to their local bank shouting loans to start the project.

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