Mba immigrants from the United States and Canada

There are too many words, only a part can be put.

Executive summary:

In this paper, from the perspective of promoting the process of world economic integration, promoting and controlling the development of international trade, promoting the development of international capital flow, accelerating the internationalization of production, and promoting the internationalization of the development and utilization of science and technology, the influence of transnational corporations on the expanding world economy is demonstrated, and the utilization of its positive influence and the control of its negative influence are put forward.

Keywords: the integration and internationalization of multinational corporations, the gap between the rich and the poor is healthy and orderly

A multinational company is an international large-scale enterprise composed of economic entities from two or more countries and engaged in production, sales and other business activities. As an enterprise form with the global market as its business goal. From its formation to its growth 100 years, the success and rapid development of multinational corporations have greatly affected the development of the world economy and the change of human lifestyle.

After World War II, multinational corporations developed rapidly. According to the statistics of the United Nations Center for Transnational Corporations, at the end of 1960s, there were 7,276 transnational corporations in western developed countries, and 27,300 of their subsidiaries abroad were controlled by them. By the end of 1970s and the beginning of 1980s, the number of multinational corporations had increased to more than 10000, and the number of foreign subsidiaries and its branches controlled by them had reached 104000. By 1996, the number of multinational companies has increased to 44,000, with 280,000 subsidiaries under its control and more than 70 million employees worldwide. As mentioned above, these transnational corporations control 40% of world output, 50-60% of international trade, 60-70% of international technology trade and 90% of foreign direct investment.

I. Promoting the process of world economic integration

The emergence of a large number of multinational companies has promoted the unification of international market rules and the deepening of the international market, thus promoting the process of world economic integration. World economic integration began with regional economic integration and occurred in some economically developed areas. Take the North American Free Trade Area as an example. As a developing country, the main reason why Mexico can implement economic integration with developed countries such as the United States and Canada is the result of years of expansion and infiltration of multinational companies from the United States and Canada. During the period of 1955- 1989, the total direct investment of the United States in Mexico increased from $607 million to $7.079 billion, an increase of 10.7 times, accounting for 9.2% of the total investment in Latin America and1/0.5 respectively. In fact, the United States has always been the largest investor in Mexico. In Mexico's foreign direct investment, American capital accounts for more than 60%. 1980 among the 2349 subsidiaries of foreign multinational companies in Mexico, the United States and Canada account for 79.7% and 2.6% respectively. Multinational companies in the United States and Canada have been the dominant investment proportion in North America for many years, which makes the trade liberalization and production integration of the three countries in North America appear quietly before the entry into force of the North American Free Trade Agreement, and the interdependence of the three countries in the United States, Canada and Mexico becomes higher. This shows that the expansion of multinational companies in this region has created basic conditions for their economic integration. [1] Source, China Paper Download Center.

Through case analysis, it can be concluded that the reason why multinational corporations can promote regional economic integration is: 1. The investment of multinational companies in a region has promoted the comparative advantages of countries in the region. 2. The intra-regional investment of multinational corporations has converged to the rules of international economic games, and then to the most basic rules of regional economic integration. The investment of multinational companies in this area has deepened the market in this area. Just like Mexico, many developing countries have gradually joined this solidarity because of the expansion of multinational companies in developed countries. So it promotes the integration of the world economy.

Second, it promotes and controls the development of international trade.

The influence of transnational corporations on the development of international trade is manifold:

1. promoted the growth of total international trade. According to the data, at present, the total output value of multinational corporations accounts for 1/3 of the total output value of the capitalist world, and the total foreign direct investment of multinational corporations and their subsidiaries is 2 trillion US dollars, which controls more than 50% of international trade. The sales of multinational companies (excluding domestic trade) are equivalent to 70% of the total global exports. The development of multinational companies and the continuous growth of sales will inevitably promote the growth of total international trade. After World War II, the rapid development of international trade is in step with the development of multinational corporations.

2. Transnational corporations have an influence on the commodity structure of international trade. In the trade of manufactured goods, a few multinational companies control many important manufactured goods trade. In 1980s, 22 multinational automobile companies accounted for 97% of capitalist automobile production, of which foreign automobile production in the United States accounted for 59.2% of domestic production. 12 multinational power equipment companies headed by French general electric company control the world power equipment trade; 1 1 The total sales of the largest agricultural machinery companies account for more than 70% of the total sales of agricultural machinery in the world. This is especially true in the field of high-tech products. 10 multinational companies control the world semiconductor market, and American companies account for 75-80% of the world computer market. Multinational companies from Japan, the United States, Sweden and Germany control 73% of the world's robot production and sales, and Japan alone accounts for 50%.

In the trade of primary products, 1980, seven oil multinational companies controlled 43% of crude oil production and sales in North America and other non-socialist countries; Six multinational companies own 46% of the world's bauxite production, 50% of alumina production and 44% of aluminum products production; Seven multinational companies own 23% of the copper production in the capitalist world. The share of multinational companies in the world agricultural trade ranges from 40-90%, 15 cotton multinational companies control 85-99% of the world cotton trade; Six multinational companies control more than 85% of the world tobacco trade.

3. The influence of transnational corporations on international trade is divided into regions. Three-quarters of the overseas investment of multinational corporations is concentrated in developed countries and regions, and two-thirds of their overseas subsidiaries are located here. Transnational corporations promote the trade between developed countries and the development of foreign trade in these countries through internal trade and external trade (trade with other external companies). In 1980s, the trade volume of developed countries accounted for 70-80% of the total international trade.

Developing countries and regions absorbed 1/4 of the total overseas direct investment of multinational companies and 1/3 of the number of overseas subsidiaries. The products produced by multinational companies in developing countries are mostly labor-intensive products and low value-added primary products, so their share in international trade is very small, which is equivalent to the proportion of overseas investment they absorb.

Transnational corporations have promoted the development of international technology trade. Multinational companies are the most active and influential forces in international technology trade. It controls 80% of technological development and 90% of production technology in the capitalist world, and more than 75% of international technology trade belongs to technology transfer related to multinational companies.

In order to maintain their position and expand their share in the fierce competition, multinational companies need to continuously carry out scientific and technological research and constantly introduce new products. Every multinational company has its own specialized research institution, which invests a lot of research and development expenses every year, which directly promotes the research and development of new technologies and products and accelerates the upgrading of products.

Therefore, with the rapid development of international technology trade after the war, the international technology trade volume rose from $3 billion in 1965 to $0 billion in 1975, and then to $50 billion in 1985, which has doubled in 20 years. Take the United States, which has the largest technology trade surplus, as an example, the income from patents and proprietary technology royalties of multinational companies in technology trade accounts for more than 80%. [2] Sources, according to World Investment Report 1992 and Data Arrangement of Multinational Corporations and China.

Third, promote the development of international capital flows.

The types of transnational corporations' international investment are: resource-oriented investment, export-oriented investment, R&D-oriented investment, risk-oriented investment and investment with potential advantages. Multinational companies are powerful and need huge funds, involving many countries and currencies, and their financial activities will inevitably have an important impact on international capital movements.

This is mainly the result of its capital source and application. 1. Financing activities. These include financing within the company, financing activities from outside the company, including absorbing funds from the home country and obtaining funds from the third country. 2. Fund utilization activities. These include direct investment and securities investment, long-term loans and short-term capital management-cash management.

At present, the annual turnover of state-owned commercial working capital is 2.3 times, while that of multinational retail enterprises such as Wal-Mart and Carrefour can reach 20 to 30 times.

At present, the gross profit margin of domestic retail enterprises is only about 10%, while the global gross profit margin of Carrefour Group is as high as 22.9%, and that of enterprises in China is 19%.

In addition, the backward development of rural circulation organizations in China also directly affects the development of production and the improvement of farmers' living standards. According to the survey of 1 10,000 farmers, 42% farmers sell their own agricultural products, 45% farmers sell them to individual traders, and only 2.7% farmers sell them through orders. Because of the low degree of organization of agricultural products circulation between production and market, farmers have high cost and low efficiency in selling agricultural products. At the same time, due to the serious shortage of circulation links, some agricultural products, especially vegetables and fruits, rot because they cannot be sold or refrigerated in time, causing a lot of economic losses. This not only shows the strength of multinational companies in capital flow, but also shows the shortcomings of China. This is not only a problem of our logistics, but also a problem of backward rural organizations. Multinational companies have a broad market, as well as a wide range of sources and flows of funds, which are unmatched by domestic small and medium-sized enterprises. This also tells us that internationalization is the inevitable goal of our development.

Fourth, it has accelerated the internationalization of production.

2/kloc-0 At the beginning of the century, the international production integration of multinational corporations developed rapidly. This production system refers to the location arrangement of international value-added activities under the control of multinational companies. Its characteristic is that multinational companies use global resources to realize the global optimal allocation of R&D, manufacturing, procurement and sales. That is, the distribution of different links in the value chain is based on the global market, and is no longer limited to the geographical scope of a country. Its purpose is to benefit from the cost and quality differences of production factors (such as labor, natural resources and capital) in different countries, so as to change the cost composition, reduce the total cost, improve the quality and function of products and enhance competitiveness. The international production system is also known as the global business model of "taking the world as the factory" and "taking the country as the workshop", so it seems that calling multinational companies global companies can better reflect the typical characteristics of their international production system.

With the rapid development of this system, there are about 65,000 multinational companies and 850,000 subsidiaries around the world. In 200 1 year, the sales of subsidiaries reached 19 trillion US dollars, which was more than twice the world trade export in the same year. From 1996 to 2000, the world's direct investment (inflow) increased at an average annual rate of 40%, which was double the average annual growth rate of1991995. [1] Source, World Investment Report 2002.

At present, with the strengthening of economic liberalization, the acceleration of technological change and the intensification of competition, the international production integration of China enterprises presents the following new features: 1. Rational allocation of resources from the perspective of global production value chain. 2. Improve the flexibility of enterprises through outsourcing business. 3. The role of contract manufacturers in the international production system is remarkable. All these new features have promoted the internationalization of production.

Verb (abbreviation of verb) promotes the internationalization of scientific and technological development and utilization.

In the three links of production value chain: technology development, product manufacturing and marketing, multinational companies focus on technology innovation, formulation and promotion of technical standards, and development and upgrading of new products, so the continuous progress of technology leads to the emergence of a new enterprise form-new industrial cluster in the contemporary international production system.

This new industrial cluster, such as Finland's telecom equipment industry cluster with Nokia as the core, the United States' computer industry cluster with Intel and Microsoft as the core, and Canada's forestry industry cluster, etc. Industrial clusters are concentrated in high-tech industries, so they compete with each other to speed up R&D and renewal, and technologies penetrate each other in similar industries, ultimately promoting the development and utilization of science and technology to become increasingly international.

Among its many adverse effects, I think it is very serious that it has caused the widening gap between the rich and the poor in developed and developing countries.

Multinational companies in developed countries often rely on their own strong strength to easily obtain various resources and broad markets in developing countries, and their capital accumulation has expanded rapidly. On the other hand, developing countries are forced to sell resources and labor at low prices, which leads to increased poverty. In particular, multinational companies in some developed countries and regions impose many harsh conditions on developing countries in terms of investment, technology transfer, capital and credit, which leads to a heavy debt burden in these countries and further widens the gap between the rich and the poor. In 2004, the wealth of 497 billionaires in the world reached 2.65 trillion US dollars, of which half were Americans, accounting for 243, while the United States accounted for 9 of the top 10 billionaires. Even at purchasing power parity, in 2003, the wealth of the three richest people in the world exceeded the GDP of 600 million people in 49 least developed countries, the wealth of the richest people exceeded the GDP of 580 million people in sub-Saharan Africa, and the wealth of the 94 richest people exceeded the GDP of China1300 million people.

Faced with the rapid development of multinational corporations' foreign investment and some negative effects on international trade, we must take some necessary measures to standardize the behavior of multinational corporations and improve the coping ability of developing countries in order to promote the long-term and effective development of international trade.

1. Establish a global unified anti-monopoly legal mechanism and form a fair international trade order.

Multinational companies use their monopoly advantages in market competition to undermine the fair and just international trade order. At present, most market economy countries in the world have enacted anti-monopoly laws to prevent multinational companies from restricting competition by restricting their external expansion, prohibiting multinational companies from abusing their dominant market position, and prohibiting international cartels that affect the domestic market. However, because the competitive strategy of multinational corporations is global and their monopolistic behavior is transnational, it is impossible to restrict or regulate them only by relying on the legal mechanism of a single country. In this regard, it is necessary to establish a global unified international anti-monopoly legal mechanism.

2. The host country takes active measures to deal with the problems brought by multinational corporations.

(1) Strengthen international environmental legislation and law enforcement and establish strict responsibilities. The transfer of eco-environmental pollution in transnational operations is a major issue of concern to many countries and world economic organizations, which is related to the safety of human long-term living space. (2) Improve the learning and absorption capacity of domestic enterprises and reduce their dependence on multinational corporations of big countries. Transferring the economic crisis to the host country is also one of the negative effects brought by multinational companies. They should have their own local leading industries and organizations to develop the economy. To develop our own economy, we need to improve our learning ability, promote the digestion and absorption of imported technology, and lay a solid talent and institutional foundation for future independent innovation. Enterprises in the host country should reduce their dependence on multinational companies and learn to borrow chickens to lay eggs instead of buying eggs to meet their needs. (3) Strengthen the legal supervision function of domestic tax authorities to deal with multinational companies' reduction of trade income in the host country.

3. Improve and make use of international trade organizations to effectively solve trade frictions.

The unfair competition of multinational companies in international trade leads to constant international trade friction. In this regard, on the one hand, we should cooperate with the vast number of developing countries and developed countries to improve international trade organizations so that these organizations have better fairness and rationality; On the other hand, all developing countries should actively join the WTO, make use of the WTO dispute settlement mechanism and other institutions, set up expert groups through consultation, negotiation and adjustment, appeal and review, and implement rulings and recommendations to safeguard their legitimate interests and curb the emergence of international trade frictions.

4. Narrow the gap between rich and poor countries as soon as possible through help and self-help.

The abnormal development of multinational corporations has further widened the gap between the rich and the poor. With the help of the United Nations, the World Bank, the International Monetary Fund and other world organizations, developed countries are called upon to help the least developed countries, and creditor countries should reduce the debt burden of the least developed countries as soon as possible and help the least developed countries determine their domestic economic policy orientation. At the same time, the vast number of developing countries should also vigorously develop education and infrastructure construction, and actively carry out technological innovation and institutional innovation in order to improve productivity and enhance international competitiveness.

The Influence of Multinational Corporations on China's Economic Development

Under the background of economic globalization, multinational corporations are playing an increasingly important role in solving the problem of domestic employment in China and introducing advanced high-tech and management models. On the other hand, they have had many profound negative impacts on the domestic business environment, business values and ethics in China.

[Keywords:] the impact of direct investment by multinational companies

I. Definition of transnational corporations

As long as there are more than one overseas subsidiary or branch in more than one country and region, engaged in profit-making production and business activities, decision-making centers and enterprises with the same strategy, and sharing risks and responsibilities, they can be called multinational companies.

Second, the overall situation of multinational companies in China

Absorbing foreign direct investment is an important part of China's opening to the outside world and accelerating the construction of market economy. It is also an important measure for China to conform to the trend of economic globalization and actively participate in and make use of the international division of labor. Under the background of global economic recovery and rising international direct investment, China's absorption of foreign direct investment has maintained a steady development, the quality and level of foreign capital utilization have been further improved, and the role of foreign capital in promoting China's national economic and social development has been further enhanced. In 2005, China was the third largest foreign direct investment inflow country in the world after the United States and Britain, and also the most attractive developing country. Of the world's top 500 multinational companies, 470 have invested in China. The investment of Fortune 500 companies in China is mainly concentrated in industries such as electronics, computers, automobiles and daily products. With the increase of multinational companies' investment in China, China is playing an increasingly important role in the global strategy of multinational companies. By the end of 2005, multinational companies mainly from developed countries and regions such as Japan, the United States and the European Union had set up more than 40 regional headquarters in China, mostly in Beijing and Shanghai, mainly in capital and technology-intensive industries such as electronics, communications, machinery and electrical appliances.

Third, the role of multinational corporations in China's economy.

1. Effectively make up for the shortage of domestic construction funds. It is an important content and established policy of China's reform and opening up to use foreign direct investment to alleviate and make up for the shortage of funds that has long restricted China's economic development. In recent 20 years, the large-scale inflow of foreign direct investment has effectively made up for the shortage of domestic construction funds and greatly promoted the sustained, rapid and stable development of China's economy. This is reflected in the fact that the proportion of China's fixed assets investment actually utilizing foreign direct investment is on the rise. In China's special economic zones and coastal open cities, foreign direct investment has become the main source of funds for social fixed assets investment. Foreign direct investment is also the main source of funds for some industries in China, such as offshore oil and gas development. Foreign direct investment not only increased the actual investment in China, made up the gap of domestic construction funds, but also improved the utilization rate of funds to a great extent, thus promoting the rapid and stable development of China's economy.

2. Promote scientific and technological progress and management level, and further promote the adjustment and upgrading of industrial structure. An important purpose of attracting foreign direct investment in China is to learn advanced science, technology and management experience from multinational companies, so as to accelerate the pace of economic reform in China. Multinational companies are winners in international competition, and they have many competitive advantages, mainly in their leading position in science and technology and their advantages in scientific enterprise management and other intellectual assets. Practice has proved that multinational companies have brought a lot of advanced and practical technologies and advanced management methods in quality management, marketing strategy, financial management, technology management, labor and salary management, production management and inventory management. Direct investment in China will greatly improve the management level and labor productivity of enterprises in China. Multinational companies also attach importance to the cultivation and utilization of local talents, which has brought up a large number of new management talents for China enterprises and promoted the improvement of talent quality and management level.

3. Expand employment opportunities and improve the quality of employment. Multinational companies have provided a large number of new employment opportunities for China. China has put into production more than 45,000 foreign-invested enterprises/kloc-0, with more than 75,000 employees/kloc-0, accounting for more than 10% of China's non-agricultural labor force. In addition, the working conditions, wages and benefits of multinational companies are better. A large number of China employees are employed by multinational companies, which improves the employment quality in China to a certain extent, especially the vocational training of multinational companies, and trains a large number of skilled technicians and professionals for China.

4. Increase government tax revenue. In order to attract foreign direct investment in China, China has long given multinational companies many preferential tax rates. With a large number of multinational companies investing in China, China's foreign-related tax revenue, mainly from multinational companies, has increased substantially year by year. The tax paid by foreign-invested enterprises has become one of the important sources of government tax revenue in China.

Four, the main problems of multinational companies' investment in China

Multinational corporations have played a great role in China's economic development. However, we must see that foreign capital and multinational corporations are double-edged swords, which have also brought many profound negative effects to China's economic and social development.

1. Foreign monopoly threatens China's economy and national security. With abundant capital, advanced technology, efficient management and exquisite development strategy, multinational companies can easily gain huge market share in the host country, squeeze the living space of domestic enterprises in the host country, even monopolize the host country market, control the host country industry and threaten the host country industry and national economic security. At present, in China's photographic film, elevators, soft drinks, mobile phones, computers, network equipment, computer processors and other industries, multinational companies occupy an absolute monopoly position, and domestic enterprises in many industries are almost wiped out. The increasing market control and brand dumping of multinational companies in many industries have damaged the development of domestic national industries, hindered China from forming a large enterprise with international competitiveness, and mastered too many technologies that are crucial to China's economic development, thus affecting China's industry and national economic security.

2. By transferring trade, China Mainland will become an export processing base. In 2005, the exports of Chinese foreign-invested enterprises to the United States, China, Hongkong, the European Union (15 countries) and Japan accounted for 24.59%, 20.37%, 17.74% and 12.59% of the total exports of Chinese foreign-invested enterprises respectively. To a great extent, foreign-invested enterprises from the above areas regard Chinese mainland as a processing base and an export platform for supplying the markets of the United States and the European Union, and turn their trade surplus with Europe and the United States into a trade surplus with Chinese mainland, thus expanding the trade friction between China and Europe and the United States. As the processing and assembly base of foreign-funded enterprises, China mainly occupies the assembly link in the whole manufacturing value chain with little profit.

3. Transfer pricing will aggravate the loss of national fiscal revenue. A considerable number of subsidiaries of multinational companies in China transfer their profits to their parent companies, resulting in "false losses" and evading China taxes. In addition, some foreign-invested enterprises take advantage of China's tax reduction and exemption policy, once the tax reduction and exemption period has passed, they will close down their enterprises and invest in other places to enjoy preferential treatment again and evade taxes.

References:

[1] Study on the Overseas Direct Investment of Multinational Corporations. Wuhan University Press, 2002

[2] Southern Weekend Southern Weekend: White Paper on Foreign-invested Enterprises in China in 2006

[3] Zhang: Multinational companies and direct investment. Fudan University Press, July 2004.

Discuss the positive and negative effects of multinational corporations on China's economic development.

I. Definition of transnational corporations

As long as there are more than one overseas subsidiary or branch in more than one country and region, engaged in profit-making production and business activities, decision-making centers and enterprises with the same strategy, and sharing risks and responsibilities, they can be called multinational companies.

Second, the overall situation of multinational companies in China

Absorbing foreign direct investment is an important part of China's opening to the outside world and accelerating the construction of market economy. It is also an important measure for China to conform to the trend of economic globalization and actively participate in and make use of the international division of labor. Under the background of global economic recovery and rising international direct investment, China's absorption of foreign direct investment has maintained a steady development, the quality and level of foreign capital utilization have been further improved, and the role of foreign capital in promoting China's national economic and social development has been further enhanced. In 2005, China was the third largest foreign direct investment inflow country in the world after the United States and Britain, and also the most attractive developing country. Of the world's top 500 multinational companies, 470 have invested in China. The investment of Fortune 500 companies in China is mainly concentrated in industries such as electronics, computers, automobiles and daily products. With the increase of multinational companies' investment in China, China is playing an increasingly important role in the global strategy of multinational companies. By the end of 2005, multinational companies mainly from developed countries and regions such as Japan, the United States and the European Union had set up more than 40 regional headquarters in China, mostly in Beijing and Shanghai, mainly in capital and technology-intensive industries such as electronics, communications, machinery and electrical appliances.

The Influence of Multinational Corporations on China's Economic Development

Under the background of economic globalization, multinational corporations are playing an increasingly important role in solving the problem of domestic employment in China and introducing advanced high-tech and management models. On the other hand, they have had many profound negative impacts on the domestic business environment, business values and ethics in China.

[Keywords:] the impact of direct investment by multinational companies

I. Definition of transnational corporations

As long as there are more than one overseas subsidiary or branch in more than one country and region, engaged in profit-making production and business activities, decision-making centers and enterprises with the same strategy, and sharing risks and responsibilities, they can be called multinational companies.

Second, the overall situation of multinational companies in China

Absorbing foreign direct investment is an important part of China's opening to the outside world and accelerating the construction of market economy. It is also an important measure for China to conform to the trend of economic globalization and actively participate in and make use of the international division of labor. Under the background of global economic recovery and rising international direct investment, China's absorption of foreign direct investment has maintained a steady development, the quality and level of foreign capital utilization have been further improved, and the role of foreign capital in promoting China's national economic and social development has been further enhanced. In 2005, China was the third largest foreign direct investment inflow country in the world after the United States and Britain, and also the most attractive developing country. Of the world's top 500 multinational companies, 470 have invested in China. The investment of Fortune 500 companies in China is mainly concentrated in industries such as electronics, computers, automobiles and daily products. With the increase of multinational companies' investment in China, China is playing an increasingly important role in the global strategy of multinational companies. By the end of 2005, multinational companies mainly from developed countries and regions such as Japan, the United States and the European Union had set up more than 40 regional headquarters in China, mostly in Beijing and Shanghai, mainly in capital and technology-intensive industries such as electronics, communications, machinery and electrical appliances.

Third, the role of multinational corporations in China's economy.

1. Effectively make up for the shortage of domestic construction funds. It is an important content and established policy of China's reform and opening up to use foreign direct investment to alleviate and make up for the shortage of funds that has long restricted China's economic development. In recent 20 years, the large-scale inflow of foreign direct investment has effectively made up for the shortage of domestic construction funds and greatly promoted the sustained, rapid and stable development of China's economy. This is reflected in the fact that the proportion of China's fixed assets investment actually utilizing foreign direct investment is on the rise. In China's special economic zones and coastal open cities, foreign direct investment has become the main source of funds for social fixed assets investment. Foreign direct investment is also the main source of funds for some industries in China, such as offshore oil and gas development. Foreign direct investment not only increased the actual investment in China, made up the gap of domestic construction funds, but also improved the utilization rate of funds to a great extent, thus promoting the rapid and stable development of China's economy.

2. Promote scientific and technological progress and management level, and further promote the adjustment and upgrading of industrial structure. An important purpose of attracting foreign direct investment in China is to learn advanced science, technology and management experience from multinational companies, so as to accelerate the pace of economic reform in China. Multinational companies are winners in international competition, and they have many competitive advantages, mainly in their leading position in science and technology and their advantages in scientific enterprise management and other intellectual assets. Practice has proved that multinational companies have brought a lot of advanced and practical technologies and advanced management methods in quality management, marketing strategy, financial management, technology management, labor and salary management, production management and inventory management. Direct investment in China will greatly improve the management level and labor productivity of enterprises in China. Multinational companies also attach importance to the cultivation and utilization of local talents, which has brought up a large number of new management talents for China enterprises and promoted the improvement of talent quality and management level.

3. Expand employment opportunities and improve the quality of employment. Multinational companies have provided a large number of new employment opportunities for China. China has put into production more than 45,000 foreign-invested enterprises/kloc-0, with more than 75,000 employees/kloc-0, accounting for more than 10% of China's non-agricultural labor force. In addition, the working conditions, wages and benefits of multinational companies are better. A large number of China employees are employed by multinational companies, which improves the employment quality in China to a certain extent, especially the vocational training of multinational companies, and trains a large number of skilled technicians and professionals for China.