CCPIT Held a "Going Out" Business Forum

In order to further understand the "going out" enterprises in foreign country investment they  have met difficulties and problems, to better study the corresponding countermeasures, CCPIT Research Institute and Wuxi Municipal government held an enterprise forum in January 26th focus on "go out" business. Ms.Zhao ping,  director of CCPIT International Trade Research Institute, Mr.Gong Zhijie, the City Council vice president of the International Chamber of Commerce, and Hodo Group, Huaxi Group, Wuxi No.1 Textile Group, Jinmao Foreign trade, TOKO Technology (Wuxi) Co., Ltd and CEMEC etc 10 enterprises responsible person to attend the meeting. Participants separately introduced the basic situation of investment projects in Ethiopia, Kampuchea, Burma, India, Germany, the United Kingdom and Italy respectively, the state owned business environment and the main problems they faced.

Most of the participating enterprises choose to invest in Africa and Southeast Asia, mainly because of low labor costs, two of land and tax preferences, three of European and American tariff barriers, four of political stability and friendly relations with China. The enterprise encounters many difficulties in foreign investment, one is the upstream industry chain is not complete, mostly from domestic and imported raw materials, two is the lack of overseas management personnel reserve, management difficulty increases, the three is the labor efficiency is low, the training of skilled workers over a long period of time, four is the strict foreign exchange control, capital allocation inconvenience, five is developed European countries, high cost of labor. more news from CCPIT...