Going global not only defuses the perils of protectionism, it also allows Chinese firms to bring jobs and economic benefits to the world
With the rise of trade barriers, tariffs and geopolitical fragmentation, Globalisation 3.0 will increasingly be digitally driven and regionally oriented. Chinese businesses urgently need to adjust their strategies and accelerate the pace at which they go global.
This means shifting from an export-driven growth model towards one characterised by a global presence, overseas investments and cross-border industrial coordination. In other words, we need a strategy for the Chinese economy to be “in the world, for the world”. Chinese companies must go global, distributing their value chains and production systems across countries to serve international customers.
