中国企业国际化模式分析与政策建议

中国企业在国际化进程中表现出了双重国际化模式，即传统的生产国际化和新兴的资本国际化。前者包括自有产品与技术的直接出口企业、对外合资或独资的企业和开展跨国并购的企业；后者包括境外上市的中国企业、境内上市外资股的公司和其他具有外资股的中国境内企业。中国企业应结合业务特征和产品市场结构，寻求符合企业发展战略的国际化模式。一方面，积极扩大产品的海外市场，特别是开辟具有增长潜力的新兴经济体市场，追寻全球生产链中的最佳位置；另一方面，引进战略机构投资者或寻求境外上市，加快企业内部重组与机制创新。

Analysis and Policy Recommendations on the Internationalization Mode of Chinese Enterprises

Chinese enterprises have shown the dual internationalization mode, which are traditional inter- nationalization of production and emerging internationalization of capital. The former includes direct export en- terprises with their own products and technology, foreign joint venture and wholly owned enterprises and enter- prises carrying out cross-border M ＆ A; the latter one includes Chinese companies listed abroad, companies listed in China with foreign capital stocks and other enterprises in China with foreign capital. Chinese enterpri- ses should combine the features of the business with market structure to seek the suitable developing interna- tionalizing mode. On the one hand, enterprises should actively expand overseas markets, especially open emer- ging markets with potential to pursue the best position in the global production chain; on the other hand, enter- prises should bring in strategic investors or seek overseas listing to speed up the internal restructuring and meehanism innovation.