Mineral resources into areas

Remember 2009 walk out the bottom of the state? Now, Double-sided submerged arc welding steel pipe these once served for the Chinese enterprises to go out "eldest son" vanguard of the republic of China, to hand over the following paper.Economic observer, according to financial data obtained from the relevant departments of the citic group in 2010 at the end of the overseas assets of 362.6 billion yuan, overseas income 112.5 billion yuan. By the end of 2012, citic group's overseas assets have fallen to 297.8 billion, and the overseas income plummeted to 60.27 billion more.

China mobile/weibo communications group co., LTD. The overseas assets of 22.3 billion yuan at the end of 2010, ASME Carbon Steel Welding Neck Flange overseas income 7.2 billion yuan. Expand to 24.78 billion by the end of 2012, overseas assets, but dropped to 4.6 billion overseas income.

China metallurgical group also is such. At the end of 2010, its overseas assets reached $30.8 billion, the overseas income is 18.7 billion. By the end of 2012, its overseas assets to expand to 36.5 billion, ASME Spiral Submerged Arc Welding pipe but its overseas revenues dropped to 9.2 billion. 6 billion overseas assets growth, revenue fell by half.Institutions on September 12, the national development and reform commission officials for the economic observer said, "Chinese enterprises to go out for ten years, look from the asset scale, harvest a lot, but more failures than success experience. Especially in the mineral resources in areas such as investment, almost become a major disaster area of failed acquisitions, enterprise should reflect on."

Look from the overseas assets, China only state produced a huge overseas money. Data show that by the end of 2012, China's largest overseas assets 47 central enterprises, overseas assets total 3.8 trillion, overseas income amounted to 4 trillion, 448000 the total number of employees. 47 central enterprises accounted for the country's largest overseas assets total 100 multinational companies to 85% of total assets overseas, as China's enterprise out of the absolute main force.

Now, to slow the pace. According to PWC's data, 45Degree short radius carbon steel elbow in the first half of 2013 China enterprise acquisitions overseas number only about 78, lower than the data in the second half of 2012, and also hit a new low since 2010. But the main cause of this change, it is due to the decline of the private enterprises overseas mergers and acquisitions. The overseas expansion pace of state-owned enterprises is not much change.

Compared with the international financial crisis erupted two years ago, the RMB exchange rate changes also began to Chinese enterprises out of an adverse impact.
On September 13, standard chartered bank (microblogging) Stephen green, head of greater China research for the economic observer said, although still in renminbi appreciation, but has little scope, and there is also a risk of depreciation. This may increase the cost of future Chinese enterprises foreign investment.