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  3. Globalization: China’s Long March to globalization (中国实现全球化的路程漫长)

Globalization: China’s Long March to globalization (中国实现全球化的路程漫长)

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问题 Globalization: China’s Long March to globalization (中国实现全球化的路程漫长)
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答案Opening sentenc`e: Chinese companies believe they have no choice but to go overseas. Chinese firms have such a long way to go. Only a handful of Chinese companies operate globally and they are only in the initial stage. Main points: a．China’s firms are young and inexperienced in the global market. b．China’s firms are paying too much for headhunting. c．There are other problems common with cross-border mergers and acquisitions,—clashes of corporate culture and working practices and finding and keeping capable managers. d．China does not have the political clout to hack its overseas expansion. Supporting ideas: a．China also cannot develop global companies by virtually closing their markets to foreign goods and investment to enable their own companies to accumulate profits at home to fund an aggressive export strategy and substantial research and development spending. b．China has almost no global brands, and many of its companies produce for someone else. c．The majority of Chinese firms were at the primary stage of internationalization, making OEM goods with limited profit margin. Concluding sentences: China has a long way to go to globalization. This is the new Long March on which Chinese companies have embarked whatever the price they have to pay.
解析 to undercut削弱，破坏，削价抢生意，愿拿低薪抢工作机会。to relinquish放弃，放开，让与，撤回。global brand世界性品牌。clout神通，影响，权势。profit margin利润差额，赚头。a narrow margin of profit薄利，微利。
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