刘二海：生而全球化的环境变量

Core Viewpoint - The article discusses the evolution of globalization led by Chinese enterprises, emphasizing the shift from traditional globalization to a new model driven by digital infrastructure and local adaptation [1][11]. Group 1: Globalization Trends - The previous phase of globalization was characterized by large multinational corporations and outsourcing, while the current phase sees Chinese companies operating in a global environment from inception, focusing on local market needs and ESG considerations [1][11]. - Emerging markets have seen a significant increase in their share of global imports, rising to approximately 35% from 2000 to 2023, which is comparable to G7 countries, highlighting their importance in China's export strategy [2][5]. Group 2: Technological Advancements - China has made significant breakthroughs in various fields, including AI and electric vehicles, allowing companies to globally distribute their supply chains while maintaining control over intellectual property and core technologies [3][11]. - The transition from a network economy to an intelligent economy has led to substantial productivity gains and a transformation in the value system of businesses, with AI technologies playing a crucial role [7][8]. Group 3: Investment Landscape - The capital market is witnessing a surge in interest from international investors in Chinese brands, as evidenced by the successful listings and market performance of companies like Luckin Coffee and Moutai [10]. - In the venture capital space, approximately 37% of US venture capital funding is directed towards AI, amounting to $200 billion, while China invests around 2,000 billion RMB, supported by government initiatives [10][11]. Group 4: Future Outlook - The article suggests that the mutual benefits of trade between developed and developing countries will persist, and that Chinese enterprises have substantial growth potential through overseas direct investment (ODI) and localized production [5][11]. - Further financial policy support, such as facilitating ODI investments and enhancing the internationalization of the RMB, could significantly benefit Chinese enterprises in their global expansion efforts [11][12].