Social duties key to Chinese enterprises' overseas success

By Bi Ge
0 Comment(s)Print E-mail China Daily, August 9, 2016
Adjust font size:

People walk at the headquarters of Alibaba in Hangzhou, Zhejiang province, April 23, 2014. [Photo/Agencies]

In response to questions about its "political" contribution to Clinton Foundation, Alibaba Group has said it donated $250,000 to the foundation in 2005 for the treatment and care of HIV/AIDS patients in developing countries.

This is an interesting episode in Chinese enterprises' "Go Global" process. After China became the second-largest economy, its enterprises accelerated their pace of joining global competitions. Ministry of Commerce data show Chinese companies' foreign direct investment (FDI) increased on average 14 percent a year from 2008 to 2014. In the first five months of this year, Chinese companies' non-financial FDI steeply rose 62 percent year-on-year, and their FDI in the first half has already exceeded that for the whole of last year.

Chinese enterprises that "Go Global" not only get a wider stage to do business, but also have to cope with various economic, cultural and legal challenges. More and more Chinese enterprises, however, are taking their social responsibilities seriously, doing their best to ensure their products and services meet local environmental standards and their investments benefit local communities.

These companies know that social responsibilities have become increasingly important assessment criteria in foreign governments' evaluation of Chinese investments.

Chinese enterprises, through their overseas operations and practices, can gain better understanding of globalization, because despite being predominantly economic in nature, globalization is also a cultural process. Foreign investors can get more support from local governments and residents, which cannot be obtained through just business success, if they pay greater attention to the well-being of local people, especially the disadvantaged groups.

The experience of developed countries' enterprises that have successfully gone global shows their inputs in corporate social responsibility is a worthwhile investment for publicity, branding and marketing. Chinese enterprises need to better understand this fact and use greater foresight to run their businesses.

Enterprises are one of the most active cross-border players in the era of globalization, and they can promote political, economic, cultural and social exchanges and cooperation. By fulfilling their social responsibilities in public welfare and community development, Chinese enterprises can better demonstrate their country's culture and values. If Chinese enterprises can raise their corporate social responsibility awareness while expanding globally, they can become powerful ambassadors of China's public diplomacy.

But they may have to make more efforts to fulfill their corporate duties toward society, because there are big differences in cultures, societies, customs, religions, politics and legal systems of countries. To overcome these differences and adapt to local conditions, the enterprises will have to gain more experience from their practices and make comprehensive preparations for future success.

In previous years, some Chinese enterprises, despite striking merger and acquisition deals abroad, met with difficulties because of their inability to adapt to local conditions. The questions raised against Alibaba are part of those difficulties: teething problems of growth overseas.

But these obstacles should not and cannot hinder Chinese enterprises' global expansion. Some of them may not emerge winners in the race, but most of them are capable of adapting to the changing circumstances and situations through reform and adjustment.

The government, on its part, should urge Chinese enterprises to comply with the laws, conventions and cultures of their investment destinations, and fulfill their corporate social responsibilities. The reason for that is simple: If China intends to become a responsible global power, it must have responsible global enterprises.

The article was first published on the Beijing Youth Daily on Aug 3.

Follow China.org.cn on Twitter and Facebook to join the conversation.
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 暖暖免费高清日本中文| 电车痴汉在线观看| 国产成人亚洲精品无码青青草原| 99亚洲精品高清一二区| 成人免费网站视频| 久久乐国产精品亚洲综合| 最新国产三级在线观看不卡| 亚洲国产日产无码精品| 波多野结衣新婚被邻居| 免费人成视频在线观看网站| 美女一级毛片视频| 国产一区视频在线免费观看| 黄网在线观看视频| 国产熟女AA级毛片| 香蕉久久成人网| 国产精成人品日日拍夜夜免费| 亚洲系列第一页| 精品午夜福利1000在线观看| 四虎精品1515hh| 草莓app下载2019年| 国产午夜a理论毛片在线影院| 九九视频在线观看6| 国产熟女乱子视频正在播放| 18禁止看的免费污网站| 国内精品久久久久久无码不卡 | 无码人妻精品一区二区三区9厂 | 一级毛片看**在线视频| 撅起小屁股扒开调教bl| 久久久久人妻一区精品色| 日本高清在线中文字幕网| 九九精品视频在线播放8| 校花公交车上被迫打开双腿| 亚洲午夜久久久影院| 欧美成人鲁丝片在线观看| 亚洲欧美一区二区三区九九九| 永久免费视频网站在线观看| 亚洲经典在线中文字幕| 永久久久免费浮力影院| 亚洲欧美精品一区天堂久久| 永久中文字幕免费视频网站| 亚洲精品乱码久久久久久蜜桃不卡|