Han Meng

Home Institution:  University of International Business and Economics in Beijing

Visiting Period: September 2017 to September 2018

Research Project:  Han Meng will be looking at Chinese Enterprises “Going Out Policy” and integration into Global Value Chains in the “New Normal” Economy.

Han Meng is a Ph.D. candidate in the Institute of International Economy at the University of International Business and Economics in Beijing, China. Meng will be a Doctoral Fellow based at the Centre from September 2017 to September 2018.

Research:

1. Strategy of Chinese Enterprises “Going Out Policy”

   With the deepening development of economic globalization, the free flow of capital promotes the optimization of resource allocation in the global market, and foreign investment has become the most important way for enterprises to expand, strengthen, and improve their efficiency worldwide. By implementing the “reindustrialization” strategy, some developed countries reshape their real economy and rely on foreign investment of their global enterprise's purpose is to establish their own global production and marketing networks. By exploiting the great potential of global productivity factors and integrating resources in the global value chain, these countries have dominated the core and high end of the global value chain. After more than 30 years of rapid economic growth, China's economy has entered a “new normal” characterized by “middle-high speed, the optimal structure, new impetus, and many challenges.” To find a greater market space, richer resource supply, and more sophisticated technical support, Chinese enterprises need to improve their awareness of global development, enhance foreign investment strategies, and break through development obstacles. Chinese enterprises should expedite investing overseas and joining the global value chain immediately. Thus, this study can be used by Chinese enterprises that aim to build global companies.

2. Integration into the Global Value Chain under the “New Normal” Economy.

Systematic studies on international investment have been conducted by Western researchers since the 1950s. These studies have provided a considerable theoretical foundation and practical guidance for Western multinational companies. An increasing number of related studies have been conducted in China in recent years, which led to the remarkable achievements of Chinese enterprises in foreign investment cooperation or integration into the global value chain. Despite this progress, China continues to lag behind Western countries in theoretical research and objective development, particularly in the new period of significant change both globally and in the Chinese economic structure. Related studies on foreign investment of Chinese enterprises have not coped with the new global situation and remain in the stage of concept interpretation and standard determination. One inadequacy is the lack of systematic and methodical research in the design of an index system and appraisal of global enterprises. Another is the lack of an efficient method for developing Chinese enterprises into global enterprises. In addition, despite new policies, features, and trends in foreign investment of Chinese enterprises under the “new normal” condition, no systematic reviews have been conducted. Thus, considerable knowledge on related fields can be obtained from international research teams.

The research project concerns both of the above problems. Through systematic research, it is hoped that China can improve its efforts to ‘go global’ and increase integration of Global Value Chains.