This year is still a good time to copy overseas

(China Economic Times, March 12)This year's government work report proposes to speed up the implementation of the "going out" strategy, encourage industries that meet the needs of foreign markets to transfer production capacity overseas in an orderly manner, and support qualified enterprises to carry out overseas mergers and acquisitions.
"For us, independent direct investment can plan the development of enterprises completely according to their own ideas, and the risk of building new R&D and manufacturing bases overseas is relatively low, so this may be a kind of thinking about the internationalization of Chinese enterprises." During the "two sessions", Xiang Wenbo, a deputy to the 11th National People's Congress and executive president of Sany Heavy Industry Co., Ltd., said in an interview with this reporter.
It is generally believed that the acquisition of an overseas enterprise can not only quickly obtain existing resources, but also acquire the "network" of the enterprise in the country where it is located, including procurement and supply channels. Building a new base overseas may require rebuilding your own industrial chain and establishing good relationships with local companies.
"Relying on strong mergers and acquisitions and restructuring methods for mergers and acquisitions may not be suitable for Chinese enterprises." Xiang Wenbo told reporters: "In the process of exploring internationalization, we believe that direct investment can greatly reduce the risk cost of enterprises. *The problem with 5655 is the size and progress of the investment, which is entirely under our control. ”
As a private enterprise, Sany Heavy Industry has become a company with a market value of 5661 in the domestic equipment manufacturing industry in just 15 years, which is inseparable from Sany Heavy Industry to grasp the development opportunity and rely on its own strength to complete the scale expansion with research and development. At present, in the medium-term planning of Sany Heavy Industry, in 2014, it will strive to achieve sales of 200 billion yuan, and the overseas market will account for more than 30%.
"Sany Heavy Industry's investment in overseas markets such as India, Germany, and Brazil is carried out according to market needs, mainly based on independent investment. However, when the conditions are right, Sany Heavy Industry will not let go of the opportunity of overseas mergers and acquisitions. Xiang Wenbo said that in the context of the economic crisis, it is often the time when the investment cost is relatively low. This year, the overseas market will still run at a low level, and it is still a good time to look at the acquisition cost.
Xiang Wenbo hopes that the state will continue to increase the support for independent innovation of enterprises; increase measures to encourage Chinese enterprises to go global; Some imported major equipment is exempt from tax to promote the development of enterprises.