US Secretary of State Condoleezza Rice visited China late June. Her visit definitely represented the friendship and strategic cooperation relationship between China and U.S. During her two-day visit, Rice not only met the minister of foreign minister, but also went to the Sichuan earthquake disaster areas to console the victims and donate some infrastructures to help the rebuilding of earthquake-hit regions. As the first foreign leader who visited the Sichuan Province, she really shared a high reputation by Chinese mass media and public. Moreover, Bush president has declared that he will attend the opening ceremony of Beijing Olympics, although there’re some dissenters boycotting the events for the reason of the misreading of Chinese human rights records. From the attitudes of the leaders of U.S, we may obviously conclude that the Sino-U.S relationship is on a relatively steady condition.
Besides, the significant improvement in the realms of the international trade between the largest developed country and biggest developing country should be highlighted. According to the recent statistics from China’s Ministry of Commerce, China is the second-biggest trade partner of the US and its fastest-growing export market. In addition, show trade volume between the two nations hit a record high $302.08 billion in 2007, 15 percent more than the previous year. With direct investment in China exceeding $56 billion, funding a total of 54,595 projects by the end of last November, the US continues to be China’s biggest source of foreign investment.
However, as China’s entering for the WTO in Nov. 2001, Chinese enterprises began to expand their business in other country, especially in North American and European Union. Since the reform and opening up policy implemented in China, the FDI (Foreign Direct Investment) has become the major source of foreign investment. Notwithstanding, we should not ignore the potentiality and competitiveness of Chinese companies. Haier and Levono have establish their branches in several continents, in order to enlarge the scale of the sales. Similarly, as the pioneer of the outsourcing industry, BPOVIA is not content with the business only in China, expanding their business to the other parts of world has become their new destination. The news comes that BPOVIA will set up its branch in Chicago, U.S, which will absolutely help the company to improve the relationship with the customs. Moreover, the communication between the company and customs will be more direct and convenient. Obviously, both the company and customs will benefit a lot from the business expanding strategy.
Hence, as the development of China’s economy, it’s a trend for the Chinese enterprisers to invest in other countries. BPOVIA, accompanied with other prominent brands, will surly help Chinese enterprises to establish their great images in the world.
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FDI, Sino-U.S relationship
From the year of 2009, foreign investors will have right to open hospitals in Jilin, run gas stations in Hubei and develop Tibetan medicines in Tibet. In order to develop the middle and western regions, the central government’s new foreign investment directory listed clearly the expanded business opportunities.
As a result of shrinking demand overseas, exports and foreign direct investment (FDI) of China both decreased in November. This phenomenon sends new signs of economic weakness and reminds us of the crying need to take more measure to develop our economy.