Evaluation System and Rankings
With the increasing globalization of economic and business affairs, expanding outward has become less a choice and more a necessity for large numbers of businesses. The growth of worldwide economic interdependence and rising importance of international markets means that such companies must go global in order to ensure their sustainable development. In the case of China, the globalization of its business enterprises further accelerated after the country joined the World Trade Organization (WTO), which led a growing number of companies to target different industries and follow various models while conducting overseas direct investment (ODI). But despite this substantial progress, Chinese firms still face many problems in their quest to go global, and lag well behind firms from advanced economies in this area.
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