Home > Knowledge > Content

International competition is intensifying, China's machinery industry information is imminent

Oct 05, 2019

In today's world, market competition is becoming increasingly fierce, technological changes are changing with each passing day, and economic globalization, enterprise mega-ization and social informationization are rushing toward us. The intelligence, integration, digitization and greening of products and technologies have become a development trend and an important means of competition. Economic globalization is not endorsed by everyone. Opponents are both developed and developing countries. But regardless of people's subjective will, economic globalization has become an irreversible trend. We cannot help but pay attention to its direction.

The main characterization of globalization can be summarized as: global corporate mergers and acquisitions, international industrial organization upgrades and transfers, financial globalization, global sourcing and matching, global design and manufacturing.

Since the 1990s, the global mergers and acquisitions have been on the rise. The amount of mergers and acquisitions has increased from US$11.3 trillion in 1990 to US$26.2 trillion in 1998. The scope of mergers and acquisitions, the large amount of mergers, and the high proportion of transnational cases are all recent. The characteristics that emerged in international economic relations are the logical result of the globalization process. In the past few years, the wave of mergers and acquisitions in the world's automobile industry has been remembered. This trend has not ended, and it has also been rolled up in China. As a result of the merger, a number of multinational companies were formed and expanded. At present, there are about 53,000 multinational companies in the world, which play a leading role in the world economy, accounting for 40% of the world's gross domestic product, 50-60% of global trade, and 60-70% of global technology trade. , 90% of global foreign direct investment, 80% of technology patents, and 90% of production technology.

Accompanied by cross-border mergers and acquisitions is the adjustment and transfer of the international industrial structure and the transfer of the world's manufacturing base. It is very powerful and can’t catch up. The industrial structure of industrialized countries has been and is upgrading to high-tech, high value-added industries, while low value-added, resource-consuming industries are shifting to developing countries. While industrialized countries have achieved industrial upgrading, they have also transferred the low-end parts of high-tech and high-value-added industries to developing countries by OEM, while for their own disadvantaged parts, they have adopted global procurement, developing countries. From the initiative to accept orders, look for development opportunities.

In the process of cross-border mergers and acquisitions and international industrial transfer, the other two representations of globalization: global procurement and support, global design and manufacturing, are formed accordingly. The globalization of finance is the inevitable result associated with the above characterization. As a result, market competition has developed and become more intense worldwide.https://www.inocofiltration.com/