European and Japanese multinational corporations owned enterprises of the tide a
Multinational corporations, the joint venture is only a shortcut to China. China's accession to the WTO to provide a more convenient when the investment channel, a group of multinational corporations began quietly removed this "bridge."
Since 2002, Panasonic, Procter & Gamble, Siemens and other companies to gradually they became wholly-owned joint venture in China, the Ministry of Commerce has just released "2005 corporations in China," stressed the trend.
Europe and Japan-owned enterprises of the first
Sole proprietorship in China on the list surprised many big-name companies lined with the names of: British BP, BASF, Bayer, Siemens, Whirlpool, Alcatel, Mitsubishi, Hitachi, Panasonic … … from the EU and Japanese companies in the sole of the first wave hit the front.
China is the EU's focus on M & A Enterprises. Since 2002, the United Kingdom through the acquisition of BP has become the second largest importer of liquefied natural gas; in 2003, Alcatel's acquisition of Chinese shares, with the advantage of two shares acquired control of Shanghai Bell; more informed reporter recently, Siemens China is planning to its nearly 60 corporate owned as much as possible the whole development.
At the same time, the Japanese multinational corporations are set up wholly-owned Chinese home appliance industry. In 2002, Panasonic (China) first venture, the Japanese side of the Matsushita Group to master all the 630 million U.S. dollars in Chinese investment in the shares of China's shares have been little more than; while Hitachi's joint venture in China to seek stock holdings unsuccessful, immediately Another built in Wuhu, Anhui owned air conditioner production base, the production of home appliances in China, regaining control of life and life in the hands.
Joint venture has lost its appeal
Multinational why so launching a campaign to fight for sole proprietorship? 20 years, joint ventures Zeng their way into the Chinese market smoothly, why are we scrambling to change this situation?
In the report, the Commerce Department gives advice to aggressively multinational associate explained, "The EU multinational companies had set up a joint venture, primarily to China's network of relationships with the Chinese market, this advantage with China's accession to the WTO Organisation market and industry development, transparency and standardization, have lost appeal. "
Cross Research Centre, Ministry of Commerce Wang also an example of the multinational Matsushita Sole to analyze the underlying causes. In his view, is wholly-owned company from a management perspective Matsushita made the inevitable choice.
Of the last century since the 90's, Panasonic in China's 41 investment projects are managed separately by each division, cooperation is very difficult; the same time, internal friction co-operation with China too, has affected the competitiveness of enterprises.
Wang introduced, and now Panasonic (China) has been fully realized Sole.
Fierce attack on local companies Since 1992, China's active implementation of the "market for technology" strategy, a joint venture as the main way of opening up, China has promoted the growth of corporate earnings and technology.
Wang pointed out that the last century 80's, sales of products through technology transfer, multinational companies to bring advanced products and equipment and other hardware into China; 90 years, large multinational companies set up manufacturing enterprises in China, the modern enterprise system the introduction of Chinese.
But some scholars believe that the form in the joint venture, is still the core technology firmly in the hands of foreign investors, more and more common in the case of foreign-owned, the "market for technology" strategy even no effect.
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