"不出海就出局"——这句一度爆火的口号，折射出中国企业出海的紧迫性与战略意义。在百年变局与逆 全球化思潮交织的当下，中国企业出海已从"开放观海"到"疯狂赶海"，迈入精耕细作的"战略出海"新阶 段。面对地缘政治博弈、关税政策波动等多重挑战，企业如何找准定位、优化策略、锻造核心优势？如 何借助香港这一"超级联系人"和"超级增值人"平台实现全球化布局？ 作为出海战略研究专家，香港中文大学商学院副院长（研究与影响）、管理学系系主任马旭飞教授将中 国企业出海划分为三个清晰阶段：1980年至2000年的"开放观海"阶段，2001年加入WTO后至2017年 的"疯狂赶海"阶段，以及2017年至今的"战略出海"阶段。他指出，2017—2018年是关键转折点，这既是 中国改革开放40周年，更是以AI为代表的科技新发展催生的"新型全球化"格局的开端。 马旭飞提出"GLOVIDICAL"全球化新蓝海战略框架，强调中国企业出海已从轻模式转向重模式、从产 品出海到产能出海、从单打独斗到链群协同的三大转变。最新数据显示，七成出海企业已实现盈利或持 平，批发零售、租赁商务服务、制造、金融、采矿等五大领域成为出海热点。"海外不是红海而是新蓝 ...

俄罗斯的未来图景应当如何描绘？面对外部地缘政治挑战与严峻的制裁压力，俄罗斯应如何实现经济持 续发展？近日，在俄罗斯联邦政府财政金融大学举办的"俄罗斯：未来形象"国际论坛上，联邦政府官 员、国家杜马代表、高校及智库专家齐聚一堂，围绕全球转型背景下的国家发展战略展开讨论，试图从 技术、经济和社会多个维度勾勒出俄罗斯的未来轮廓。 全球治理格局转变 俄方认为，当前世界格局正在经历深刻调整，以金砖国家为代表的新兴经济体迅速崛起，部分新兴经济 体的居民收入与生活水平已不逊于，甚至在某种程度上超过了一些发达国家。俄罗斯财政部长西卢安诺 夫指出，传统的"发达—发展中"二元分类逐渐弱化，新兴经济体加速上升，而发达经济体则表现出强烈 的抵触情绪，不愿放弃原有的中心地位。 西卢安诺夫认为，这种抵触体现在技术竞争、贸易壁垒、制裁手段等多个领域。制裁不仅针对俄罗斯， 也广泛用于打压其他国家，意图延缓其技术进步，从而维持过去几十年由西方主导的经济秩序。他强 调，新兴经济体的发展势头不可阻挡，俄罗斯主张新兴经济体应在所有国际机构与组织中持续扩大份额 和话语权。"我坚信，无论某些人是否愿意，这种结构性转变终将发生——这是世界经济的根本趋 势 ...

Core Insights - Chinese enterprises are facing significant opportunities in the next five years as they expand globally, with a focus on diverse paths such as high-speed rail, new energy, and cross-border e-commerce [1][2] - The concept of "Chinese economy" is shifting towards "Chinese people economy," emphasizing the wealth created and owned by Chinese enterprises and individuals globally [2] Group 1: Opportunities for Chinese Enterprises - The "Chinese people economy" requires Chinese enterprises to actively and steadily "go out" to enhance global resource allocation capabilities and promote international cooperation in supply chains [2] - The report released at the Caixin Summit advocates for a "China + N" strategic layout, encouraging deep integration of Chinese enterprises into global markets [2][5] - Southeast Asia is emerging as a key market for Chinese brands, with a rapidly growing economy and significant opportunities in e-commerce and technology sectors [3][5] Group 2: Market Trends and Growth Areas - Southeast Asia, with a population of nearly 700 million and a GDP of $4 trillion, is expected to maintain an economic growth rate of around 7% over the next five years [5] - The e-commerce sector in Southeast Asia is experiencing rapid growth, with Chinese e-commerce platforms achieving significant profitability [5] - Future opportunities in Southeast Asia are anticipated in AI technology, new energy vehicles, and autonomous driving technology [5] Group 3: Localization Strategies - Companies face challenges such as market diversification, regulatory compliance, and local talent shortages when expanding internationally [6] - Effective localization involves adapting products to local needs, establishing local technical teams, and localizing manufacturing to reduce costs and enhance productivity [6] - The case of a Chinese company acquiring a bankrupt German firm illustrates the importance of local community engagement and stakeholder involvement in successful localization [7] Group 4: Global Integration and Resource Allocation - Lenovo exemplifies successful global operations with a high degree of localization, maintaining a significant portion of its resources and operations in China while expanding globally [9] - The company's strategy reflects the "sweet potato economy" concept, where global expansion supports and enhances domestic growth [9]

Group 1: Conference Overview - The 16th Caixin Summit held in Beijing focused on "Resilience and Patience," discussing the evolution of "new globalization" and innovative practices for "sustainable development" in the context of profound changes in the global economic landscape [1] - ThinkPad Aura was designated as the AI business laptop for the summit, showcasing Lenovo's global operational experience and carbon reduction practices, contributing to the core themes of the conference [1] Group 2: New Globalization Report - The summit released the "2025 China Enterprises 'New Globalization' Special Report," indicating a shift from focusing on domestic economic volume to global wealth creation, with Chinese companies moving from product output to brand and ecosystem output [2] - Lenovo's globalization practice, emphasizing "deeply rooted in China, mutually beneficial globally," was highlighted as a key case study, ranking first in the recently published "2025 Outbound TOP100 Index" [2] - Lenovo's outbound model successfully integrates international resources with localized operations, continuously supporting domestic industrial upgrades and technological innovation [2] Group 3: Sustainable Development and Innovation - Companies are encouraged to integrate sustainable development into their core strategies to build future-oriented green competitiveness, transforming low-carbon concepts into growth momentum through green innovation [3] - Lenovo has committed to achieving net-zero emissions across its entire value chain by 2050, with a focus on reducing environmental impact and promoting sustainable production operations [3] - The ThinkPad Aura series exemplifies Lenovo's sustainable development strategy, utilizing bamboo fiber packaging, which has resulted in over 3,270 tons of bamboo fiber used and more than 25 million units shipped with bamboo fiber packaging [3]

Core Insights - The report emphasizes the concept of "Chinese People Economy" as a new perspective for Chinese enterprises to navigate globalization, highlighting the shift from focusing solely on the "Chinese Economy" to a broader view that includes wealth creation by Chinese enterprises and individuals globally [1][3] - The "China+N" strategy is proposed as a means for Chinese companies to leverage their domestic advantages while expanding globally, transitioning from product-based to brand-based and from low-value to high-value operations [5][10] Group 1: New Globalization Trends - The report identifies four characteristics of new globalization: trade protectionism, geopolitical conflicts, the rise of the Global South market, and the transformation towards service-oriented and green trade [8] - It outlines four trends in Chinese enterprises going abroad: the evolution from product export to brand and ecosystem export, diversification of investment fields, the significance of the Global South markets, and the capability output of Chinese enterprises [8][10] Group 2: Policy and Strategic Recommendations - Recommendations for enhancing the "going out" strategy include establishing a comprehensive support system for overseas operations, improving compliance and risk management, and fostering local integration and ecological collaboration [5][6] - The report suggests that the "15th Five-Year Plan" should focus on expanding high-level openness and promoting a win-win cooperation model, emphasizing the need for a structural adjustment towards balanced trade [6] Group 3: Case Study of Lenovo - Lenovo is highlighted as a leading example of the "China+N" strategy, demonstrating successful global operations while maintaining a strong base in China [11][13] - The company has achieved significant growth, with a 22-fold increase in annual revenue and nearly 80% of its revenue coming from overseas markets, showcasing its leadership in the new globalization phase [13] - Lenovo's approach includes building a global supply chain network that integrates international resources with localized operations, thereby enhancing its competitiveness and market share [11][17] Group 4: Industry Collaboration and Ecosystem Development - Lenovo has facilitated the international expansion of over 250 domestic suppliers, creating a one-stop solution platform to lower the barriers for smaller enterprises to go abroad [16] - The company emphasizes the importance of community engagement and compliance in its global operations, aiming to create a symbiotic ecosystem that benefits both local markets and Chinese enterprises [14][17]

Core Insights - The report titled "Developing the 'Chinese Economy' and Sharing Opportunities for High-Level Opening" was released at the 16th Caixin Summit, highlighting new trends and challenges for Chinese enterprises in the context of new globalization [1][2] - It proposes a "China + N" model for Chinese companies to progress from products to brands, low value to high value, and from individual enterprises to industry chain ecosystems [1] Group 1: Characteristics of New Globalization - The report identifies four key characteristics of current "new globalization": trade protectionism, geopolitical conflicts, and the reshaping of global economic rules; a diversified and regionalized international landscape; the dual engines of service-oriented and green transformation in global trade; and the accelerated restructuring of the global economic governance system [1] Group 2: Trends in Chinese Enterprises Going Global - The report summarizes four major trends for Chinese enterprises going global: the expanding connotation of going global from "product export" to "brand export," "industrial chain export," and "ecosystem export"; diversification in foreign investment fields with manufacturing as a key focus; the "global south market," represented by the Belt and Road Initiative, emerging as a new growth engine, with Asia remaining the primary destination for Chinese foreign investment; and a shift towards "capability output" for Chinese enterprises [2] - Former Deputy Director of the Central Financial and Economic Commission, Yin Yanlin, emphasized the need to strengthen the "Chinese economy" and the "Chinese economy" by enhancing global resource allocation capabilities and promoting international cooperation in industrial and supply chains [2] Group 3: Strategic Layout of Chinese Enterprises - The report advocates for Chinese enterprises to adopt a "China + N" strategic layout, exemplified by Lenovo Group, which has 80% of its manufacturing and 70% of its R&D personnel based in China, integrating international resources with localized operations to support domestic industrial upgrades and technological innovation [2] - Lenovo Group, as a "chain leader," has facilitated over 250 domestic suppliers to go global [2]

Core Insights - The report titled "Developing the 'Chinese Economy' and Sharing Opportunities for High-Level Opening Up - 2025 China Enterprises 'New Globalization' Special Report" was officially released during the 16th Caixin Summit, highlighting new trends and challenges for Chinese enterprises in the new phase of globalization [1] - It emphasizes a shift from focusing solely on the "Chinese Economy" to incorporating the "Chinese People Economy," which considers the wealth created and owned by Chinese enterprises and individuals globally [1] Policy and Industry Recommendations - The report suggests building a comprehensive policy support system to enhance overseas operations, including establishing a robust overseas service framework and deepening international cooperation [2] - It recommends that Chinese enterprises focus on strategic positioning, compliance risk management, and local operations to achieve ecological integration and value co-creation [2] Case Studies and Performance - The "Chinese + N" strategy has been validated by leading Chinese enterprises, with Lenovo Group highlighted as a key example, achieving a 22-fold revenue growth over 20 years and operating in 180 global markets [2] - Lenovo's overseas revenue accounts for nearly 80% of its total, and it ranked first in the recently published "2025 Outbound TOP 100 Index" [2]

Core Insights - The report titled "Developing the 'Chinese Economy' and Sharing Opportunities for High-Level Opening Up - 2025 China Enterprises 'New Globalization' Special Report" was released during the 16th Caixin Summit, highlighting new trends and challenges for Chinese companies going global from the perspective of the "Chinese Economy" [1] - It advocates for a "China + N" strategic layout for Chinese enterprises, aiming to leverage China's manufacturing and industrial chain advantages to connect with global markets and elevate from product to brand, low value to high value, and individual enterprises to industrial chain ecosystems [1] Group 1: Trends in Chinese Enterprises Going Global - The report identifies four major trends in Chinese enterprises going global: the enrichment of the concept of going global from "product export" to "brand export," "industrial chain export," and "ecosystem export" [1] - It notes the diversification of foreign investment fields, with manufacturing as a key focus and a growing diversification in the service sector [1] - The "Global South Market," represented by the Belt and Road Initiative, is highlighted as a new growth engine, with Asia remaining the primary destination for Chinese foreign investment [1] - The report emphasizes the "capability output" of Chinese enterprises going global [1] Group 2: Policy and Industry Recommendations - From a policy support system perspective, the report suggests constructing a comprehensive institutional guarantee, establishing an overseas comprehensive service system, deepening international cooperation, and upgrading the value connotation of "going global" [2] - It recommends that Chinese enterprises focus on strategic positioning and compliance risk control, promote localized operations and ecosystem integration, and deepen ecological collaboration and value co-creation for better global engagement [2]

Group 1 - The global situation is highly uncertain, and major powers must manage globalization risks, with six irreversible trends emerging: digitalization, low-carbon green transformation, financialization, urbanization, aging, and new-type globalization [1] - The current shift in globalization is towards a new type, which cannot be reversed, as seen in the attempts of the Trump administration to alter its course [1] - China is experiencing rapid development in digitalization and is leading in low-carbon green transformation, but the understanding and systems related to financialization are lagging, which hampers international competitiveness [1] Group 2 - Urbanization in China is facing challenges, with a significant gap between household registration urbanization rate and permanent population urbanization rate, weakening internal dynamics and economic growth [2] - There are approximately 290 million migrant workers in China, and achieving full urban citizenship for them at the current pace may take decades, raising questions about readiness for accelerated urbanization [2] - The evolution of trends brings macro risks that are expanding, necessitating effective management of public and macro risks during this transition [2]

Group 1 - The World Economic Forum's 16th Annual Meeting of the New Champions in Tianjin attracted over 1,700 participants from more than 90 countries, focusing on five core topics including global economic interpretation and new energy [1] - Chinese Premier Li Qiang emphasized that China's steady economic growth will support global economic recovery and create new opportunities for international trade [1] - The forum highlighted the need for global collaboration and innovative solutions to address challenges such as AI governance and green transformation, with China identified as a key partner in this process [2] Group 2 - Countries are increasingly focusing on warehousing key commodities to enhance supply chain resilience, with Ecuador positioning itself as a trade hub [3] - Egypt is working to balance trade deficits through investment rather than tariffs, aiming to improve its investment attractiveness to European partners [3] - Italy's reliance on exports is significant, with small and medium enterprises playing a crucial role, while the imposition of high tariffs by the US has created uncertainty in the business environment [3] Group 3 - TCL's chairman, Li Dongsheng, highlighted the importance of maintaining strategic focus and seizing new market opportunities amidst global trade uncertainties [5] - Companies are encouraged to diversify their supply chains and adapt quickly to changes, with AI being a critical tool for enhancing adaptability and resilience [5][6] - Emerging technologies like AI are seen as key drivers for improving supply chain efficiency and enabling developing countries to compete globally [6]