The global steel
industry is a highly internationalized industry, globalization strategy is the
inevitable choice of Chinese steel enterprises to improve the international
competitiveness, and many factors make it feasible for Chinese iron and steel
enterprises to implement globalization strategy. This paper made an analysis on
the overseas investment opportunities of Chinese steel enterprises from the
perspective of globalization strategy, involving the resource-based commodity investment,
the establishment of overseas production bases and R&D center, controlling
trade channels and building strategic alliance, then sketched out the
globalization strategy implementation framework of Chinese iron and steel
enterprises.
References
[1]
Wang, J.J. (2010) International Business Case Analysis of Chinese Enterprises. China Market Press, Beijing.
[2]
Han, X.G. (2004) Thinking about the Economic Globalization and China Petroleum Group’ Globalization Strategy. Academic Journal of Beijing Petroleum Management Cadre Institute, No. 3, 27-31.
[3]
Jindal, D. and Jee, C. and Thakur, R.R. (2011) Nissan: Go-Global Strategy. Business Strategy Series, 12, 195-201.
http://dx.doi.org/10.1108/17515631111155151
[4]
Govindarajan, V. and Gupta, A.K. (2008) The Quest for Global Dominance: Transforming Global Presence into Global Competitive Advantage. Jossey Bass, 20-21.
[5]
Cao, X.Q. and Lai, Y.W. (2012) Chinese Iron and Steel Enterprises’ “Going Out” Route and Policy Recommendations. China Development Observation, No. 7, 16-18.
[6]
Zhang, X.X. (2013) The Challenges of Global Steel and the Way Out of China Iron and steel. China Metallurgical Newspaper, 2013-11-02.
[7]
Xiang, B. (2007) What Is Baosteel Going to Learn from Mittal. Management and Wealth, No. 5, 42-44.
[8]
Xu, S.B. (2014) Analysis on Developing Feature of POSCO and Its Enlightenment to Baosteel. Metallurgy Management, No. 6, 31-36.
[9]
Ayodele, T. and Sotola, O. (2014) China in Africa: An Evaluation of Chinese Investment. IPPA Working Paper Series.
[10]
Dong, Y. (2014) Trends in Global Trade Rules and China’s Opportunity. International Economic Review, No. 1, 45-64.
[11]
IBM In-stitute for Business Value (2006) Going Global: Prospects and Challenges for Chinese Companies on the World Stage. IBM Business Consulting Services.
[12]
A Slump in the Mine Prices Caused the Impact to the Small and Medium Mines in Australia. Steel Union Information. http://info.glinfo.com/14/0910/05/AD9C3C253C915DA0.html
[13]
Focus on African Iron Ore Resources - to Seize the African Iron Ore, Ease the Supply Pressure of Raw Materials. My Steel Network. http://www.mysteel.com/topic/jjf
[14]
Yuan, Y.F. (2014) Africa, the Place of Future Steel Opportunities. China Metallurgical Newspaper, 2014-06-01.
[15]
Foster, V. and Briceño-Garmendia, C. (2010) Africa’s Infrastructure: A Time for Transformation. A Copublication of the Agence Française de Développement and the World Bank.
[16]
Liu, Y. (2014) Marketing Strategy for Exporting Xinjiang Steel to Central Asian Market. Foreign Trade, No. 6, 24-25.
[17]
2014 Africa Economic Report Calls for African Countries to Accelerate the Industrialization.
http://paper.chinahightech.com/html/2014-08/18/content_8645.htm
[18]
Annual Report of Baosteel. Http://www.baointl.com/company/dept_company02_2001_13.htm
[19]
Capacity Internationalization Hebei Iron and Steel Intends to Hold the World’s Largest Steel Trade Provider. China News Network, 2014-09-16.
[20]
Zhang, X.X. (2013) POSCO’ Overseas Downstream Investments Aim the Upstream Supply of Raw Materials. China Metallurgical Newspaper, 2013-04-09.
[21]
Zheng, R. (2013) Analysis on Posco and Nippon Steel’ Automobile Plate Overseas Production and Processing System Layout. Chinese Society for Metals. The Ninth China Iron and Steel Annual Meeting Proceedings. Metallurgical Industry Press, Beijing.
[22]
Chen, Y.G., Han, B.T. and Li, Y. (2011) Review of Foreign Research on R&D Internationalization of Multi-National Corporation Based on the Perspective of Knowledge Flow. Scientific and Technological Progress and Countermeasures, No. 16, 156-160.