Chinese Firms Rethink Overseas Playbook as Supply Chains Go Global
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Speakers exchange viewpoints at a Caixin-hosted panel during the Hong Kong FinTech Week on Nov. 3.
Chinese companies are overhauling their global expansion playbook, shifting from a traditional export-led model to building localized supply chains to navigate mounting geopolitical risks and trade barriers, according to experts and business leaders at a Caixin-hosted panel during Hong Kong Fintech Week.
The consensus at the Nov. 3 event was that this fundamental change requires firms to abandon the old “gold rush” mentality and adopt a new paradigm focused on creating “communities of shared interest” in host countries.
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- Chinese firms are moving from export-led growth to building localized supply chains abroad to manage geopolitical and trade risks.
- Companies are focusing on “value co-creation” in local markets, emphasizing community involvement, job creation, and regional supply chain resilience.
- Experts note future competition includes values, standards, and responsibility, not just products, with Chinese companies confident in leading global markets.
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Who’s Who
- Sunwoda Electronic Co. Ltd.
- Sunwoda Electronic Co. Ltd., represented by CFO Chen Xi, is a battery manufacturer adapting its global strategy. They are shifting from an export-led model to building regionalized, resilient supply chains. This involves establishing factories in countries like Thailand, India, Vietnam, Hungary, and Morocco, and encouraging suppliers to follow suit. The company emphasizes "value co-creation," focusing on local job creation and community responsibilities.
- Source Code Capital
- Wang Di, chairman of Beijing-based venture capital firm Source Code Capital, emphasizes the need for Chinese companies expanding globally to focus their resources rather than spreading them too thinly. He highlights the importance of deeply understanding local policies and culture. Wang also observes that Chinese companies are increasingly confident in leading their respective markets internationally.
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