Gli errori delle multinazionali cinesi

Over the last few years, State-Party officials, enterprise CEOs and economists as well, have investigated the causes of the high failure rate experienced by the Chinese overseas investment, especially M&A transactions. According to the Mofcom, most of the “troubles” that Chinese enterprises are facing in many regions of the world are determined by the host countries’ political and economic environment. Political conflicts, social protests, normative frameworks and national security concerns have often caused what the Mofcom defines “investment accidents” (touzi shijian). Conflicting observations expressed by both international consulting agencies and Chinese analysts, however, have generated a heated debate about the Chinese business behaviour and its impact on the country reputation. The launch of the Belt and road initiative cooled down the debate since it represents, inter alia, a channel to influence strategies and behaviours of the enterprises involved in the going out policy.