prof. ivana casaburi, ph.d. director esade china europe club...
TRANSCRIPT
Prof. Ivana Casaburi, Ph.D.
Director ESADE China Europe Club
www.esadegeo.com/china-about
http://www.esade.edu/china
CHINA, A KEY PLAYER IN THE WORLD ECONOMY
Copyright © 2015. Prepared by Ivana Casaburi (ESADE) This material may not be reproduced either in full or in part without the express authorisation of the author.
Copyright © 2015. Prepared by Ivana Casaburi (ESADE) This material may not be reproduced either in full or in part without the express authorisation of the author.
THE GROWTH OF CHINESE FDI
Records:2013 FDI exceded $ 100,000 million
2014 Outbound investments very close to Inbound
2015 FDI continues to grow
2016 China, net exporter of capital?
China is leading the South –
North FDI trend
Copyright © 2015. Prepared by Ivana Casaburi (ESADE) This material may not be reproduced either in full or in part without the express authorisation of the author.
CHINESE INVESTMENTS ABROAD
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Is the EU one of the main target destinations for Chinese multinationals?
In which countries and sectors are they investingin?
What are Chinese companies’ main reasons to invest in Spain?
Copyright © 2015. Prepared by Ivana Casaburi (ESADE) This material may not be reproduced either in full or in part without the express authorisation of the author.
1 - EUROPE ONE OF THE MAIN TARGET DESTINATIONS FOR
CHINESE MULTINATIONALS
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THE GROWTH OF CHINESE INVESTMENT IN EUROPE
(2011-2013)
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CHINESE FDI EXCLUDING OFCs - OFFSHORE FINANCIAL
CENTERS
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THE GROWTH OF CHINESE INVESTMENT IN EUROPE
(2010-2014)
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2- MAIN COUNTRIES AND SECTORS IN WHICH CHINESE
COMPANIES INVESTING IN EUROPE
Copyright © 2015. Prepared by Ivana Casaburi (ESADE) This material may not be reproduced either in full or in part without the express authorisation of the author.
Copyright © 2015. Prepared by Ivana Casaburi (ESADE) This material may not be reproduced either in full or in part without the express authorisation of the author.
Copyright © 2015. Prepared by Ivana Casaburi (ESADE) This material may not be reproduced either in full or in part without the express authorisation of the author.
Copyright © 2015. Prepared by Ivana Casaburi (ESADE) This material may not be reproduced either in full or in part without the express authorisation of the author.
Copyright © 2015. Prepared by Ivana Casaburi (ESADE) This material may not be reproduced either in full or in part without the express authorisation of the author.
EUROPE: FACTORS OF ATTRACTIVENESS
Institutional, political and economic stability.
Largest domestic market worldwide: 500 million people with a € 34,500 income per capita.
Main exporter of products and services in the world (well above the US).
One of the most opened economies for FDI and friendly business environment.
Human capital (scientific capacities).
Modern and extensive infrastructures.
Top leading multinationals and global brands.
Top universities, R&D centers and clusters.
Copyright © 2015. Prepared by Ivana Casaburi (ESADE) This material may not be reproduced either in full or in part without the express authorisation of the author.
3 - WHAT ARE CHINESE COMPANIES’ MAIN REASONS TO
INVEST IN SPAIN?
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Chinese FDI in Spain reached a record level of €610 million in 2014
Chinese FDI, in terms of stock, is €2,2 billion just a few months before the end
of 2015
Over the next 2 years, China will invest up to €3 billion in Spain
Chinese investment in Spain are forecast to grow exponentially
CHINESE FDI IN SPAIN
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Spain has 75 Chinese
companies
Main sectors:
Energy (renewables)
Telecommunications
Logistics
Banking
Real Estate &Tourism
Agri-Business
Manufacturing
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24 Chinese companies
participated in the study
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Amongst the most valued aspects
we found:
• Quality of human resources (3,9)
• Port infrastructure (3.9)
• Positive attitude towards China (3.9)
• Openness to foreign investment (3.4)
• Acceptance of Chinese products (3.3)
• Access to third markets (3.1)
BUSINESS ENVIRONMENT
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MAIN REASON: MARKET SEEKING
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MAIN CHALLENGES:
BRAND RECOGNITION AND LOCAL COMPETITION
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SPAIN: FACTORS OF ATRACTIVENESS
Market Size (45 million consumers)
Tecnological knowledge (ICT, biotechnology, energy and infrastructure)
Leading multinational companies
Human capital
Modern and extensive infrastructure (3 of Europe’s 15th largest ports)
Gateway to Europe
Bridge to Latin America ( Spain is the 2nd largest investor in the region)
Investments agreements and bilateral trade agreements
Quality of life
Very attractive asset prices (land, properties, companies, labor, etc)
Copyright © 2015. Prepared by Ivana Casaburi (ESADE) This material may not be reproduced either in full or in part without the express authorisation of the author.
MAIN INDUSTRIES (some examples)
Banking: ICBC, CCB.
Energy (renewables): Sinovel Wind, Sunfor light, Yingli Green, Jonko Solar.
Telecomunications: Huawei, ZTE, Lenovo.
Transport and logistics: Cosco, China Shipping, Kerry Logistics, Hutchinson.
Manufacturing: CITIC, Huayi Compressor.
Real estate and Turism: Wanda Group, HNA, Jiangsu GPRO.
Agri-food: Brigth Food, Fosun Group.
Other significant Chinese companies: Air China, Haier, Sinochem, Minmetals, Baosteel, China
National Chemical Group – Bluestar Siliconas, Keewaymotors.
Copyright © 2015. Prepared by Ivana Casaburi (ESADE) This material may not be reproduced either in full or in part without the express authorisation of the author.
In the years to come a large number of new firms – including
more and more private companies - are forecast to rise to
leading positions.
Forecasted future growth of Chinese Investment in Europe
and Spain is expected to be rapid.
Copyright © 2015. Prepared by Ivana Casaburi (ESADE) This material may not be reproduced either in full or in part without the express authorisation of the author.
IN SHORT
The development of global Chinese companies is important for the
development of the world economy.
Global Chinese companies are becoming more and more important
both in Europe as a whole and in Spain in particular.
We need to get to know each other better in order to be
able to continue doing business together
Copyright © 2015. Prepared by Ivana Casaburi (ESADE) This material may not be reproduced either in full or in part without the express authorisation of the author.
