Core Viewpoint - The export sector, as one of the "three drivers" of China's economy, is entering a new phase characterized by the integration of AI capabilities and technological advancements in overseas markets [1][8]. Group 1: Evolution of Chinese Enterprises Going Global - Since China's accession to the WTO in 2000, the outbound strategy has evolved through five distinct stages, with significant changes in industry and operational characteristics [2]. - From 2000 to 2008, the "going out" strategy became a national priority; from 2009 to 2016, it was driven by the Belt and Road Initiative, leading to substantial investments in overseas economic and trade cooperation zones [2]. - Starting in 2017, the digital economy became a key feature of outbound activities, with e-commerce, gaming, and online education as major sectors [2]. - Since 2022, there has been a notable increase in participation from small and medium-sized enterprises, particularly from the Guangdong-Hong Kong-Macao Greater Bay Area, expanding China's industrial model abroad [2]. Group 2: Technological Integration and AI Capabilities - Beginning in 2024, Chinese enterprises are expected to expand their outbound activities to encompass a broader range of industries centered around technology products, transitioning from manufacturing to intelligent manufacturing and digital-physical integration [3]. - The operational model is shifting from a one-way export approach to a global collaborative network involving R&D, production, supply chain, and sales services [3]. - AI technology is becoming integral to the export process, with every vehicle and smartphone expected to be equipped with intelligent capabilities, reflecting a shift from simple manufacturing to technology-driven exports [4]. Group 3: Infrastructure and Collaboration - The infrastructure required for outbound enterprises is evolving, with companies like Xiaopeng Motors emphasizing the need for foundational technology and marketing services to establish a presence in international markets [5]. - Xiaopeng Motors is collaborating with Alibaba Cloud to build AI capabilities in their products, such as intelligent cockpits and assisted driving features, indicating a significant increase in demand for computing power [6]. - The integration of technology frameworks between China and overseas markets is crucial for rapid deployment of R&D teams globally, enhancing operational efficiency [7]. Group 4: Challenges and Compliance - The outbound wave of Chinese enterprises is facing new challenges, including stringent data compliance requirements from developed countries, which test the ecological collaboration capabilities of these companies [8]. - The need for high-value competition and adherence to global standards and compliance is becoming increasingly important for successful international expansion [4][8].

Core Insights - Chinese overseas assets are estimated to be around half of the GDP, indicating significant room for growth compared to developed countries [1] - The trend of Chinese enterprises going global is shifting from initial exploration to a more mature and deeper global layout [2] - Talent constraints are identified as a core factor limiting the efficiency of overseas expansion [3] Group 1: Current State of Chinese Enterprises Going Global - In 2024, China's total foreign direct investment is projected to reach 1,159.27 billion RMB, a year-on-year increase of 11.3% [2] - From 2002 to 2023, the annual growth rate of foreign investment flow averaged 22.1%, with the stock scale being 65.7 times that of 2002 [2] - The Lingang area is positioned as a key platform for enterprises to expand internationally, benefiting from its status as a pilot area for institutional opening [2] Group 2: Talent Development and Challenges - The lack of strategic talent allocation for overseas expansion is raising trial-and-error costs and limiting efficiency [3] - Lingang has announced the establishment of a comprehensive talent cultivation system for overseas expansion, including a talent training base and a partnership alliance [3][4] - The first phase of the high-end talent training project involves collaboration with top universities and institutions to enhance international talent supply [4] Group 3: Future Initiatives and Support Systems - Lingang's "Going Global" comprehensive service platform aims to provide specialized services across 20 fields, including human resource management and cross-border finance [5] - The platform has gathered nearly 500 professional service institutions and established 23 service branches nationwide to support enterprises in their global endeavors [5] - Future plans include deepening institutional innovation and optimizing the business environment to inject long-term momentum into the global development of Chinese enterprises [5]

Core Insights - Alibaba Cloud aims to accelerate the establishment of a global cloud computing network, enhancing compliance, service, and ecosystem team building to support Chinese enterprises going global [1][2] - The company has defined two strategic directions for the next decade: "AI empowering Alibaba Cloud" and "Alibaba Cloud fully supporting Chinese enterprises going global" [1][2] Group 1: Global Expansion Strategy - Chinese enterprises have evolved in their global expansion, moving from manufacturing to intelligent manufacturing, and diversifying their operational regions from primarily Europe and America to a more global approach [2] - Alibaba Cloud plans to build a unified global technology stack and provide localized services to facilitate rapid deployment of products and AI applications for Chinese enterprises [2][3] Group 2: Data Center Developments - Alibaba Cloud is expanding its global data center footprint, with the recent opening of a second data center in South Korea, bringing its total to 29 regions and 88 availability zones [3] - The company has also partnered with SAP to integrate enterprise-level software with Alibaba Cloud's infrastructure and AI capabilities, initially focusing on the Chinese market and expanding to Southeast Asia, the Middle East, and Africa [3] Group 3: Industry Applications and Partnerships - Alibaba Cloud has supported numerous industries in South China, including AI hardware, automotive, and home appliances, with significant clients like Meitu and Xiaopeng Motors [4] - Xiaopeng Motors is leveraging Alibaba Cloud's global infrastructure for rapid deployment in overseas markets, ensuring data security and compliance [6] Group 4: AI Capabilities - Alibaba Cloud's AI capabilities are becoming a core competitive advantage, with strategic investments aimed at enhancing its ability to support Chinese enterprises in global markets [6] - The company has developed customized AI solutions for products like the Thunderbird AI glasses, enhancing user experience through low-latency, high-quality interactions [5][6]

Core Insights - The article discusses the increasing trend of Chinese companies expanding into Africa, particularly Egypt, while highlighting the associated risks and challenges due to the complex international environment [1][2]. Group 1: Risk Analysis - A crisis committee has been established in Egypt to address potential impacts from the Israel-Iran conflict, with 556 risk events reported from January 2 to June 16, 2025, primarily in political security, social operations, and country security [2][5]. - Key risks identified include policy instability, protests and riots, business interruption, and industrial policy risks [8][11]. Group 2: Economic Context - Egypt has become a popular investment destination for Chinese companies, with over 2,800 firms investing more than $8 billion across various sectors [11]. - The ongoing regional conflicts have severely impacted Egypt's economy, particularly with a significant reduction in natural gas supplies from Israel, which accounted for 40% to 60% of Egypt's imports [11][12]. - The Suez Canal's revenue has drastically decreased, with a 60.7% year-on-year drop in 2024, leading to a decline in ship traffic and net tonnage [12]. Group 3: Economic Challenges - Egypt's GDP growth rate is projected at only 2.4% for the 2023/24 fiscal year, with a potential rebound to 4.3% in the following fiscal year [15]. - Structural issues persist, including a weak manufacturing base, high inflation rates averaging 28.46% in 2024, and increasing external debt, which reached approximately $155.09 billion, accounting for 27.1% of GDP [18][21]. Group 4: Policy and Regulatory Environment - Recent policy changes include the establishment of a new mining authority and adjustments to labor laws, which may affect Chinese companies operating in Egypt [25][26]. - The government is also implementing tax reforms, including an upgraded export tax rebate policy and potential new taxes on sugary products, necessitating close monitoring by businesses [25]. Group 5: Social Stability Concerns - Social issues such as income disparity, high poverty, and unemployment rates are exacerbated by regional conflicts, leading to increased social unrest and protests [27]. - Recent protests have been reported in various provinces, indicating a growing trend of civil discontent that could impact business operations [27].

Group 1 - The core viewpoint of the article emphasizes the evolving strategies of Chinese companies in their globalization efforts, particularly in the context of the Belt and Road Initiative, highlighting a shift from mere survival to deeper, more strategic international engagement [2] - The roundtable discussion at the forum featured insights from various industry experts on the new paradigms of Chinese companies going global, focusing on the concept of "civilizational leap" and the importance of building a global ecosystem [2][3] Group 2 - The automotive industry has seen significant growth, with China's car exports surpassing 2 million units in 2021 and projected to reach over 5.8 million by 2024, solidifying its position as the world's largest car exporter [3] - Despite this growth, many Chinese automotive brands are still in the early stages of internationalization, primarily exporting to underdeveloped regions, with a need to penetrate developed markets such as North America, Japan, and Western Europe [3] Group 3 - Legal considerations are crucial for companies going global, with a focus on compliance and risk management to ensure sustainable operations in foreign markets [4][5] - The importance of trademark registration under international agreements, such as the Madrid Protocol, is highlighted as a key step for protecting brands abroad [5] Group 4 - The need for international talent development is emphasized, with a focus on training professionals in strategic areas like chip technology, artificial intelligence, and renewable energy to support China's global ambitions [6] - The establishment of pilot programs for graduate education in export control is part of a national strategy to address talent shortages in critical sectors [6] Group 5 - Strategic capital is viewed as a vital partner for companies, facilitating resource optimization and supporting international expansion efforts [7][8] - The relationship between entrepreneurs and strategic investors is characterized as complementary, with capital playing a supportive role in achieving business objectives [8][9]

一、RCEP实施三周年，重塑区域贸易新生态 2025年正值《区域全面经济伙伴关系协定》（RCEP）生效三周年。作为全球最大的自贸协定，RCEP覆盖15个成员国、23.7亿人口，经济总量达30.1万亿美 元，占全球GDP的30%。三年来，其核心成果深刻改变了区域贸易生态： 贸易便利化水平大大提升：RCEP的实施使得贸易通关效率大大提升，推动区域内生鲜类、易腐类农产品的交易规模增长。因为通关时间从之前的12个小时 缩短至3小时，使得从韩国进口海鲜，从越南、菲律宾进口鲜榴莲成为新的选择。 原产地累积规则促进区域供应链深度融合：原产地累积规则打破了国界限制，显著扩大了区域内中间品的生产和贸易，使得区域内贸易进一步扩大，据商务 部数据显示，2024年我国发放RCEP优惠原产地证书和自主出具原产地声明数量分别同比增长17.4%和38%。 二、RCEP促进区域人才流动，加码中企出海用工确定性 中国与RCEP成员国之间贸易往来的重点行业包括纺织业、机械行业、电子信息行业、石化行业、农业，在RCEP制度实施框架下，将推动这些行业中的各 类企业加速出海步伐，以最大化享受制度红利。据商务部企业调研数据显示，70%的受访企业认为RC ...

2025年6月19日—6月20日，相约"生而全球·共融共建"第二届出海全球峰会，与吴 晓波、王辉耀、秦朔、津上俊哉、杨宇东、张华荣等嘉宾，共 同探索中企出海从"产 能迁徙"到"文明共生"的新路径。 【点击马上报名】 文 / 巴九灵（微信公众号： 吴晓波频道） 同时，峰会根据 每年 国际经贸形势的变化， 设置并 探讨全新议题。 本届峰会遵循高水平、国际化、实效性的办会理念，共设置 2日主论坛、1场 深度晚宴以及1场中国企业家商务考察行程。 主论坛围绕 "逆全球化与新全球化""全球供应链的重构与创新""多生态赋能中资全球化""国际化即本土化"四大核心议题展开深度探讨，共安排17 场主题演讲、2场全球链接宣讲以及1场高峰对话。 其中，吴晓波老师将解读 2025年中国企业出海最新 趋势 ；出海先锋华坚集团董事长张华坚将分享非洲办厂经验，探讨中国企业如何在全球南方 市场实现 "产业共赢，红利共享"的方法论；蚂蚁数科区块链业务总裁、蚂蚁集团副总裁边卓群，将介绍科技创新如何激活现实世界资产流动性， 用前沿技术打通金融全球化的新通路…… 嘉宾们聚焦的出海议题丰富多样，就让我们提前看一下部分嘉宾的前瞻观点吧。 点击视频▼立即观 ...

Investment Rating - The report maintains a neutral investment rating for the transportation and construction industries [5]. Core Insights - The report emphasizes that Chinese companies are increasingly expanding into Southeast Asia as a strategic move for sustainable growth, leveraging the region's economic potential and lower costs [9][10]. - It highlights the role of third-party service providers in assisting companies with cross-border operations, thereby enhancing their core competencies while optimizing the service providers' business models [9][10]. - The report identifies that companies actively expanding overseas and effectively managing costs and risks are likely to build long-term competitive advantages amid trade headwinds [13]. Summary by Relevant Sections Section: Chinese Enterprises Going Overseas - The report discusses the restructuring of trade orders and the capital empowerment that enables Chinese enterprises to break through in Southeast Asia, which is seen as a key destination for overseas expansion due to its rapid economic growth and lower operational costs [9][10]. Section: Huanxu Electronics - Huanxu Electronics has accelerated its global expansion since 2018, establishing production bases in Vietnam, Mexico, and Poland, with a total of 30 factories across 12 countries [2][11]. - The company focuses on localizing talent and supply chains to maintain long-term competitiveness, with over 95% of its workforce in Vietnam being local [12][13]. Section: Eastern Airlines Logistics - Eastern Airlines Logistics is adjusting its route structure to mitigate risks and enhance its position as a comprehensive logistics service provider, currently operating 15 B777 freighters [14][16]. - The company is focusing on diversifying its market presence beyond North America to reduce risks associated with tariff fluctuations [14][16]. Section: Hongxin Jianda - Hongxin Jianda's overseas business has rapidly expanded, with overseas revenue reaching 3.9 billion yuan in 2024, accounting for 3.4% of total revenue, and further increasing to over 15% in Q1 2025 [17][18]. - The company plans to increase its overseas asset management scale to approximately 10 billion yuan by 2027, focusing on local procurement and employment to achieve win-win cooperation [18].

Group 1: Outbound Strategy and Compliance - KPMG's event in Shanghai highlighted the importance of brand recognition and compliance for Chinese companies going global, emphasizing partnerships with local brands to enhance influence in developed markets [1] - Compliance management is crucial, as violations can lead to fines or loss of customers, ultimately resulting in investment failures [1] - Companies should consider a multi-point layout of R&D, production, and sales globally, rather than just focusing on outbound strategies [1] Group 2: Investment Trends in Europe and the U.S. - Greenfield investments and joint ventures are emerging as rapidly growing investment models for Chinese companies in Europe and the U.S. [2] - The European Green Deal and data strategy present numerous opportunities for global investors in large projects, including electric vehicle factories and renewable energy facilities [2] - Luxembourg plays a unique role in facilitating Chinese investments in Europe, offering a stable financial environment and transparent regulations [2] Group 3: Sector-Specific Insights - The life sciences sector in Europe is increasingly attractive to Chinese biopharmaceutical companies due to its market potential and supportive policies, despite challenges in market access and commercialization [2] - Various entry models exist for Chinese biotech firms in Europe, impacting commercialization, regulation, supply chain, and taxation [3] - Emerging markets like Southeast Asia and the Middle East present significant growth opportunities for Chinese enterprises, particularly in sectors such as mining, energy, and digital economy [3]

6月3日至6日，毕马威中国在上海举办出海系列活动，来自东南亚、中东和拉美等新兴市场，和欧美澳 加等传统发达市场的约40位毕马威海外成员所的合伙人及行业专家齐聚上海，就如何制定更为灵活、有 效的中长期战略，和中国企业代表交流。 各国经济发展愿景与现状、市场上的主要项目机会、中企投资路径、当地税法更新、税收优惠和筹划机 会等话题成为与会嘉宾讨论的重点。 毕马威亚太区及中国主席陶匡淳表示，当前"出海"是中国企业及上下游产业链实力发展的延伸，越来越 多企业开始借助自身深厚积累与战略布局，探索全球市场机遇。东南亚、中东和拉美等新兴市场是很多 中国企业出海布局的重点，但欧美澳加等传统发达市场仍具有相对优势和产业布局的潜能。 毕马威中国客户及业务发展主管合伙人江立勤表示，中国企业在海外市场要取得成功，有两点不容忽 视。一是品牌，二是合规。 "品牌认知度在发达国家市场尤其重要，企业可以与当地知名品牌合作，同时也需要在海外市场宣传方 面做充分投入。合规也是一个关键因素，若有不合规的情况发生，轻则罚款，重则被列入黑名单失去当 地客户和市场，导致投资失败。"江立勤总结。 毕马威沙特税务总监Mohamed Gouda介绍道，沙特位于 ...