On The Strategy Of "Going Abroad" And The Innovation Of System

This thesis is a comprehensive and penetrative study of the strategy of "going abroad" practiced in China's business operation. Based on Marxist theory on the "world market" and "global production," and the theory on establishing economic connections overseas advocated by Lenin and Mao Zedong, the thesis is guided by Deng Xiaoping and Jiang Zemin's idea of expanding and upgrading China's opening to the outside world. With Marxist materialistic dialectics as the major methodology in the present study, the author draws on some of the important theories in Western economics on international trade and transnational investment, and explores the theme of "going abroad" in the light of China's accession to the WTO and the country's current practice of building up a socialist market economy.China's enterprises are speedily making headway in "going abroad" for transnational investment and global operation. The practice, though fruitful to some extent, is in general at the preliminary stage of internationalized operation, with quite a number of problems yet to be solved. China's practice of "going abroad" is examined in the present study against the macro-background of the country's social and economic development, and in light of the ever-increasing dynamic interaction of opening and reform. Based on a comparative study of internationalized operation in the developed and the developing countries, and on a case study of Chinese-government-funded enterprises in Hong Kong, the essay gives a lucid exposition of the possibility, necessity and urgency of "going abroad" - a strategic practice in the country's development. The study then points out the existent problems faced by China's enterprises in the practice and the crux of the matter. For a solution, the author lays stress on the innovation of system as a point of penetration. Full use should be made of the current advantages to conduct significant reforms in the management systems of government and enterprises along with their operating mechanisms, and improve services and supporting measures, so as to ensure that the strategic "going abroad" operation is plain sailing, and that China's enterprises are expecting a more significant growth in their internationalized operation.