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Thread: RMB appreciation fosters more Chinese companies to go abroad
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[quote=APAULT,271757]As Marrie commented, China is extremely lacking in management expertise. At present the exceptional profits being made in China re based on exploiting the workforce. This will eventually end and to be internationally competitive China will need to adopt 'world best practices' . This requires highly skilled management techniques. This is one reason for joint ventures at present: China obtains such skills and the overseas partner gets higher returns than in a mature economy. Investing overseas is also a means of diversification. Perhaps the best example is the need for rich oil producing countries to invest in mature businesses overseas. When there oil ceases to flow, they will have income streams from overseas. For China it means that if the economy flutters for internal reasons, the impact will be reduced.[/quote]
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