Every year from late April to June is the season of durian harvest in Thailand. Take the Zhongtaisheng fresh train, this delicate tropical fruit can be scented in China after 120 hours of picking. With the help of intelligent logistics network, the export of agricultural products in Thailand is expected to accelerate to “72 hours delivery”.
This is only a microcosm of the globalization of Chinese logistics companies. From Hong Kong, China to Belgium, from Hangzhou to Moscow, on the global logistics network, the quality experience provided by Chinese companies has gradually extended to overseas markets, bringing a win-win Internet economy.
The Chinese program connects international producers and consumers more quickly, and Chinese companies are increasingly looking into investment. In February of this year, Geely became the largest shareholder of Mercedes-Benz’s parent company, Daimler, and completed a large overseas acquisition following Volvo. This is another attempt by Chinese companies to follow the industrial value chain for global allocation and seek a win-win situation. The market has responded positively.
Huang Guobin, head of China operations at JPMorgan Chase, also noticed the new weather brought about by Chinese companies going global. He said that as Chinese companies sailed to the sea, Western investors began to benefit from the rapid innovation and scale of the Chinese market.
In October last year, Pirelli, one of the world’s leading tire manufacturers, returned to the Milan Stock Exchange and became one of the largest initial public offerings in the European market.
After more than two years before the acquisition of Pirelli, China National Chemical Corporation shifted its focus to higher-quality tires and expanded its production capacity in China. The Asia-Pacific region became one of the company’s most profitable regions last year.
Huang Guobin believes that this example shows that cross-border acquisitions by Chinese companies can add “Chinese genes” to local companies and help them become international companies with better growth performance.
From durian to tires and cars, there is more and more interaction between Chinese companies and the world.
In a report, McKinsey & Co. said that China’s economy has undergone rapid transformation, and many start-ups and new business models have emerged. China is rapidly climbing in the global value chain and bringing new ideas and solutions.
In the World Intellectual Property Report 2017: Intangible Capital in the Global Value Chain, the World Intellectual Property Organization said that China is moving away from the label of the ’world factory’ and is at the forefront of the transformation and upgrading of global value chains.
The report shows that China’s position in the global manufacturing value chain has steadily increased in recent years, and Chinese companies are gradually becoming among the top producers of high-tech added value.