《中国经营报》记者在采访中了解到，在本届年会上，太湖世界文化论坛与上海胡润百富投资管理咨询 有限公司（以下简称"胡润百富"）进行合作签约，双方将设立中国产业出海基金，通过产业合作助力中 国企业出海。 胡润百富CEO吕能幸表示，在AI时代浪潮下，胡润百富希望能够和太湖世界文化论坛、中国企业一起 出海，"让全球更多消费者能感受到我们文化的璀璨"。 太湖世界文化论坛执行主席兼秘书长郑传焮表示，博鳌是区域经济的声音，达沃斯是全球资本的声音， 希望太湖世界文化论坛未来成为人类文明的声音。 中经记者 杨让晨 张家振 上海报道 （签约现场。受访者/图） 日前，太湖世界文化论坛第八届年会在有"水乡客厅"之称的方厅水院举行。 来自世界各国的政要、专家学者、国际组织代表、驻华使节、企业界人士及媒体代表等500余位嘉宾齐 聚一堂，围绕年会主题深入交流，凝聚起推动全球文明互鉴、促进人类共同发展的广泛共识，为构建人 类命运共同体注入文化动力。 相关资料显示，太湖世界文化论坛以"促进中外文化交流合作、推动不同文明互学互鉴"为宗旨，聚焦文 化领域的全球性课题，致力于依托文化力量，让中国更加了解世界、让世界更加了解中国。自2008年成 立至 ...

Group 1: Industry Developments - Chinese drone manufacturers showcased their products at the Dubai Airshow, with the United Aircraft Group demonstrating a delivery drone capable of carrying 5 kg, and another company, Rongqi Intelligent, exhibiting a dual-rotor drone with a maximum payload of 300 kg [3] - EHang completed the first urban air passenger flight in the Middle East with its EH216-S drone in Doha, reducing travel time from 30 minutes to 8 minutes [3] - Alibaba International Station launched AI Mode to automate cross-border e-commerce procurement processes for global SMEs, enhancing decision-making and operational efficiency [4] - Tencent's Hunyuan 3D model is set to launch internationally, with over 30 new models released in the past year, indicating a strong push for global expansion [4] Group 2: Company Expansions - WeRide received Switzerland's first pure unmanned Robotaxi license, allowing operations in Zurich, and plans to launch services to the public in mid-2026 [5] - NIO's Firefly right-hand drive model has officially entered mass production, with the first batch being shipped to Singapore [6] - GAC Group launched its operations in Australia, marking a significant step in its global strategy [6] Group 3: Investment and Financing - BlueDot Touch completed over 100 million RMB in Series C financing, aimed at expanding global market reach and enhancing production capabilities [7] - Elegoo announced a new round of strategic financing, with a cumulative shipment of over 1 million units of its consumer-grade 3D printers and laser engravers [7] - Gyges Labs launched the world's first invisible display AI glasses, funded by a recent financing round, targeting international markets [7] Group 4: Market Trends - Southeast Asia, Africa, and the Middle East are identified as key growth markets for Chinese companies in the next three years, particularly in construction, healthcare, and IT sectors [8] - China has become the largest trading partner in the Gulf region, with trade expected to reach 375 billion USD by 2028, surpassing Western economies [8]

Economic Outlook - Multiple domestic and foreign institutions predict that China's economy will maintain a steady growth trajectory in 2026, supported by policy measures, structural upgrades, and the release of potential [1][3] - Morgan Stanley anticipates moderate growth in 2026 due to appropriate easing policies and gradual rebalancing, while UBS expects more precise policy support to enhance economic resilience [3] Policy Support - The "14th Five-Year Plan" is seen as a confidence booster for foreign institutions, indicating China's commitment to enhancing advanced manufacturing competitiveness and boosting exports [7] - Targeted support measures, such as energy cost subsidies for businesses and consumer incentives, are expected to play a crucial role in sustaining economic activity [7] Export and Manufacturing - China's manufacturing and export sectors are showing strong resilience, with exports remaining a core support for economic growth [8] - Analysts note that improvements in economic structure and technological advancements are lowering trade costs, stabilizing profit margins for export enterprises [9] Domestic Demand - The potential of the domestic market is accelerating, with various consumer promotion and livelihood policies expected to be key drivers for expanding domestic demand in 2026 [11] - The government has prioritized expanding consumption, which is viewed as a direction for high-quality growth not only for 2026 but for the next decade [13] New Consumption Trends - The rise of new consumption sectors is injecting fresh momentum into economic growth, with expectations for brands to gain more market recognition and expand internationally [15][17]

中经记者 郝亚娟 夏欣 上海北京报道 在全球经济不确定性加剧和地缘政治风险上升的背景下，中国企业逆势突围，供应链全球布局全面提 速。 德勤统计数据显示，中国企业海外投资规模突破1.5万亿美元，出海模式正从"流量出海"转向"品牌、合 规与组织出海"，标志着全球化进入新的发展阶段。 围绕企业出海面临的挑战、路径选择与政策支持等问题，《中国经营报》记者专访了中欧国际工商学院 金融学教授、副教务长兼EMBA课程主任黄生。 企业出海要"因业制宜、因地制宜" 《中国经营报》：当前贸易保护主义抬头，中国企业在"出海"过程中主要会面临哪些阻力或挑战？ 黄生：中国企业在"走出去"的过程中，面临的挑战既有外部的，也有内部的，且因企业类型、规模、发 展阶段不同而差异显著。总体而言，外部挑战可从宏观、中观与微观三个层面分析。 第一，宏观层面：地缘政治的不确定性。对于那些已具有丰富海外经验的大型企业而言，最大的挑战来 自地缘政治。例如，一家中国企业在欧洲设有生产基地，而两国关系紧张或出现政策摩擦（如投资审 查、并购限制等），企业就会犹豫是否继续扩大投入。 第二，中观层面：法律法规与劳工制度差异。对于仍处在出海探索阶段、计划在当地建厂或 ...

Core Insights - Brazil is increasingly seen as a key market for Chinese companies, second only to Mexico, due to strengthened political and diplomatic ties between China and Brazil [1] - Despite the high export figures from China to Brazil, the market share of Chinese cross-border e-commerce platforms in Brazil is declining, indicating a complex market environment [1][2] - The Brazilian market presents both opportunities and challenges, with a divide between successful head brands and struggling small and medium enterprises [2] Group 1: Market Dynamics - In 2024, China's export to Brazil is expected to reach $72.08 billion (approximately 513.78 billion RMB), a year-on-year increase of 22% [4] - Brazil is a major investment destination for China, with expected investments exceeding $4.8 billion (approximately 34.2 billion RMB) in 2024, more than doubling from the previous year [4] - The Brazilian automotive market is expanding, with new car sales projected to grow by 14.1% to 2.635 million units in 2024, driven by government policies promoting electric vehicles [5][6] Group 2: Investment Opportunities - Emerging industries such as clean energy, digital economy, and logistics are becoming focal points for Chinese investment in Brazil, with significant opportunities in electric vehicles and solar energy [5][9] - The Brazilian government is supportive of solar energy projects, with multiple initiatives launched since 2012 to promote the solar industry [9] - The local market's demand for electric vehicles is growing, with Chinese brands like BYD and Great Wall Motors capturing significant market shares [6] Group 3: Challenges for SMEs - The complex tax system in Brazil, with over 50 different tax types, poses significant challenges for small and medium enterprises, making market entry difficult [11] - The overall tax burden for businesses in Brazil can exceed 40%, which can erode profit margins for companies with lower gross margins [11][12] - Recent changes in tax policies, such as the cancellation of tax exemptions for small packages, have further increased costs for Chinese e-commerce businesses [15] Group 4: Localization and Compliance - Localization is critical for Chinese companies operating in Brazil, with a focus on hiring local talent to navigate the complex regulatory environment [16][19] - The Brazilian government encourages local hiring, and companies face penalties for non-compliance with labor laws, highlighting the importance of understanding local labor regulations [18] - Chinese companies must adapt their corporate culture and employment practices to attract and retain local talent, as Brazilian workers prioritize job flexibility and career development opportunities [19]

报告还显示，过去5年，中国高端制造业上市公司不断开拓海外业务，海外收入持续增长。2020年至 2024年，高端制造业上市公司海外收入从20926亿元增长至43113亿元，过去5年复合增长率为19.81%， 明显高于同期全体A股上市公司海外收入的复合增长率；海外收入占A股上市公司海外总收入的比例从 32.53%增长至41.96%，体现出高端制造业正逐步发展成为中国企业出海的主力军。(完) 来源：中国新闻网 报告：中国高端制造业上市公司总资产规模持续增长 编辑：王永乐 中新社北京11月14日电 (记者 陈康亮)中国上市公司协会14日发布《中国上市公司高端制造业发展报告 (2025)》(下称报告)称，中国高端制造业上市公司家数由2020年的1661家增加至2024年的2503家，高端 制造业总体资产规模和收入水平持续增长。 广告等商务合作，请点击这里 报告显示，截至2024年底，高端制造业上市公司的总资产规模达到27.24万亿元(人民币，下同)，占A股 上市公司总资产的6.07%，较2023年末增长6.13%，较2020年末增长68.79%，资产规模增速较快。 高端制造业上市公司的收入规模持续增长，由2020年的9 ...

Group 1 - The report indicates that going global has become a "second growth curve" for Chinese companies, driven by pressures in the domestic market and rising external tariff barriers [8][19]. - The "Going Global TOP 100 Index" shows that the average return of these companies in 2024 is 32.65%, significantly higher than other main board stocks by 10 percentage points [9][31]. - The structure of companies going global has shifted from traditional industries to technology-intensive sectors like consumer electronics, which now account for 13% of the TOP 100 [10][41]. Group 2 - Chinese companies are climbing the value chain along the "rabbit ear curve," extending towards R&D design and high-end manufacturing, as well as branding and services [11][45]. - The strategic shift from "product export" to "capacity export" is evident, although direct foreign investment remains significantly lower than goods exports [12][19]. - Geopolitical risks are identified as the primary challenge for companies, including sanctions and local regulatory requirements [13][19]. Group 3 - Hong Kong is positioned as a "bridgehead" for companies going global, serving as a crucial financing platform and a connection between the mainland and global markets [15][19]. - Successful case studies include companies like Anker Innovations, TCL, and Weichai Power, which have leveraged localization, technology acquisitions, and full industry chain layouts [19][48]. - The report emphasizes the importance of "soft capabilities" such as understanding regulations, compliance governance, localization, and ecological collaboration for successful international expansion [19][48]. Group 4 - The report highlights that 90.6% of industries have higher gross profit margins overseas compared to domestic markets, with significant differences in sectors like computer equipment and logistics [22][24]. - The performance of companies that expand overseas is often linked to their high return on invested capital (ROIC) in domestic markets, indicating a selection effect where only the best companies venture abroad [26][30]. - The report notes that the growth in overseas revenue has become a key driver for performance, accounting for 38.2% of the growth in mid-year earnings for 2025 [25][30]. Group 5 - The report identifies a significant trend of consumer electronics companies expanding globally, with a notable rise in their representation in the TOP 100 list compared to traditional industries [41][45]. - Companies like Lenovo and Luxshare Precision are highlighted for their technological advancements and their roles as key suppliers in the global market [45][47]. - The report concludes that Chinese consumer electronics firms are transitioning from "Made in China" to "Created in China" and "Brand from China," enhancing their global presence [45][46].

Group 1: Overview of Chinese Companies Going Global - The concept of "going global" has become a key development theme for Chinese companies, with a focus on technology innovation and deep localization to reshape the global business landscape [1] - Chinese companies are transitioning from being technology followers to becoming global innovation leaders, which significantly enhances their profit margins [1] Group 2: Mining Industry Expansion - Chinese mining companies possess high-quality production capacity and technology, with successful cases of "going global" in mineral resources and smelting [2] - Successful overseas ventures are characterized by strategic foresight, allowing companies to anticipate commodity cycles and secure strategic resources [2] - Companies like Zijin Mining and Luoyang Molybdenum have seen over 50% year-on-year profit growth in the first three quarters, driven by increased overseas acquisitions [2][3] Group 3: Engineering Machinery Sector - Chinese engineering machinery firms are actively expanding into overseas markets, with core competitiveness stemming from continuous product technology improvements and cost-effective solutions [4] - By 2024, leading Chinese engineering machinery companies are expected to have over 40% of their revenue from overseas markets, with some already exceeding 50% [4] - The industry is expected to grow in Southeast Asia, Africa, and Eastern Europe, while also penetrating European and North American markets [4] Group 4: Beauty Industry Growth - The export value of Chinese mass-market beauty products is projected to grow by 12% year-on-year in the first half of 2025, outpacing domestic market growth [5] - The Chinese beauty industry is expected to enter a new phase of growth, emphasizing research and product strength to explore new growth avenues [5][6] - The complete domestic supply chain provides a competitive edge for Chinese beauty brands in international markets, supported by experienced OEMs and raw material suppliers [6]

Group 1: Import Expo Highlights - The 8th China International Import Expo (CIIE) concluded on November 10, with intended transaction amounts reaching $83.49 billion, a 4.4% increase from the previous year, setting a new historical high [1] - The expo attracted 4,108 companies from 138 countries and regions, covering an exhibition area of over 367,000 square meters, with a total attendance of 922,000 visitors [1] - Notably, 290 Fortune Global 500 and industry-leading companies participated, with 180 companies attending all eight sessions, showcasing China's strong market appeal [1] Group 2: Globalization and Chinese Enterprises - The CIIE serves as a platform for overseas companies to enter the Chinese market, sharing development dividends while facilitating technology spillover and industrial chain collaboration [2] - Chinese enterprises are at a critical juncture in developing new outbound strategies, with discussions focusing on the "going out" and "going in" approaches during the expo [3] - The transition from a "low-cost export" model to a global perspective is emphasized, requiring Chinese companies to strengthen supply chain resilience and adapt to local regulations [3][4] Group 3: Supply Chain and Localization - The evolution of Chinese enterprises' globalization is marked by a shift from "single trade" to "integrated local sales, R&D, and supply chain" [4] - The choice of regions for expansion has broadened from Southeast Asia to include the Middle East, Africa, and Latin America [4] - The concept of "China + N" is highlighted, where companies like Lenovo have established a global supply chain network with a focus on local operations [5][10] Group 4: Case Studies of Successful Globalization - Lenovo exemplifies a successful global supply chain strategy, with over 75% of its manufacturing capacity located in China and 75% of its revenue generated from overseas markets [10] - The company has developed a unique "self-manufacturing + outsourcing" model, allowing it to maintain competitiveness and market share despite global trade disruptions [6] - Chen Xianggui, a restaurant chain, has successfully entered the European market, focusing on local consumer bases and partnerships to enhance its localization capabilities [7] Group 5: Future Outlook and Economic Integration - The CIIE is positioned as a significant window for global enterprises to connect with China's expanding market opportunities [9] - The resilience of China's supply chain and its role as a global innovation hub are increasingly recognized as competitive advantages [9] - The integration of "Chinese economy" and "Chinese people economy" is expected to enhance national strength and align with the goals of meeting the growing needs of the populace [11]

Core Insights - The article emphasizes the transformation of Chinese enterprises from "Made in China" to "Global Value," highlighting the need for a more sustainable and long-term approach to global cooperation [1] - The discussion at the seminar focused on the challenges and strategies for Chinese companies to navigate the complexities of global trade and to establish a more robust international presence [2][3] Group 1: Globalization Trends - Chinese enterprises are transitioning from market expansion to capability reconstruction, necessitating a deeper integration into foreign markets [2][3] - The global trade landscape is shifting from a developed-country-centric model to a more diversified and sustainable collaboration structure [2][5] - The internationalization of Chinese companies is marked by significant growth in overseas revenue, which has tripled over the past decade [2] Group 2: Strategic Shifts - The globalization of Chinese enterprises is undergoing a deep restructuring characterized by three revolutions: cognitive, operational, and strategic [3] - Companies must assess their resource advantages and market selection to determine the viability of international expansion [3] - Establishing trust and operational networks with local governments and communities is crucial for sustainable international operations [3] Group 3: Case Studies and Characteristics - The seminar presented case studies from seven companies, showcasing diverse internationalization paths driven by technology, brand building, and platform integration [4][5] - Key characteristics of Chinese enterprises going global include market coverage across various regions, industry diversification, significant growth in foreign direct investment, and varied practical approaches [5] - Successful internationalization requires adapting to local conditions and building comprehensive operational capabilities [5][6] Group 4: Core Competencies - Companies must develop four core competencies: standard collaboration, institutional design, cross-cultural operations, and global expression [6] - The evolution of Chinese enterprises is marked by a shift from being resource followers to becoming institutional collaborators, reflecting a broader change in global structures [6]