US Caterpillar Completes Whaling Strategy in China

At present, the people of the Chinese or auto industry may be concerned only with the various performances of GM, Toyota, Volkswagen, Hyundai, Honda, Ford, Peugeot and other international auto giants in the Chinese market and manufacturing industries. Every day, they travel to various kinds of media. Coverage and relish are all talked about by these companies in China; they ignore the world's largest machinery and equipment manufacturer. Caterpillar, the US company, quietly acquired in China for nearly 15 years. The huge awe-inspiring record is strikingly impressive. This is a real iron and steel giant! Because it is not a car that is used by the production people every day, but also a construction machine and a power system. But soon people can witness it. Produced a North American-styled heavy truck.

The world's leading manufacturer, Caterpillar ( China ) Investment Co., Ltd. was established in Beijing in 1996. Its powerful working machines are operating at an amazing rate. Even the small Japanese who work as a madman sighs with sympathy and determination. Since it entered China, Caterpillar has included most of the leading enterprises in the construction machinery manufacturing industry in China and snapped up mergers and acquisitions plans. It is not a petty "eating away," but it is a generous "whale swallowing," but it does not For the people concerned. In 2010, Caterpillar finally achieved another important goal of producing heavy trucks in China.

In 2003, Caterpillar announced that it would invest more than US$10 billion in China to establish a globally competitive production base. Caterpillar's current manufacturing and sales operations in China include construction machinery, mining equipment, diesel and natural gas engines, industrial gas turbines and heavy trucks. In addition to its core machinery, engine and component manufacturing sites, Caterpillar's operations in China include: logistics, remanufacturing, financial leasing, training, marketing, and research and development. At present, Caterpillar employs nearly 10,000 people in China.

On Caterpillar's “menu” of plundering whale swallows, a large number of large-scale domestic major companies such as Xiamen Construction Machinery Company, Guangxi Liugong Machinery Company, Xuzhou Construction Machinery Company, Hebei Xuanhua Engineering Machinery Company, Weichai Power Company, Sany Heavy Industry, etc. It is its hunting target, and once it is acquired and merged, it will all be incorporated under its global strategy and subject to its global strategic plan. At the same time, it requires ownership of the brand and emphasizes global integration, restricts the use of the original Chinese corporate brand; it will build the company into an enterprise that can only produce Caterpillar product technology and become its subsidiary factory in China. This series of strategic actions by Caterpillar in China clearly demonstrates that Caterpillar will establish a sustainable long-term development goal in China. This shows that the purpose of Caterpillar's predatory acquisition in China is clear.

For more than a decade, the strength, depth and breadth of Caterpillar's entry into China's equipment manufacturing industry have been different from those of other foreign-funded enterprises. The goal is not only to occupy the Chinese market, but also to intrigue China. The equipment manufacturing industry is integrated into its global industrial chain to form a more powerful capital ingestion. Caterpillar's huge industry consolidation plan in our country has already posed a great threat to the survival of China's equipment manufacturing industry. These are the dreams that other famous overseas machinery and automobile manufacturers can't even imagine!

After Caterpillar acquires and controls Chinese enterprises in China, it first injects its business operations, product technology research and development, and cracks down on its own brands. The price of the products will be priced by Caterpillar, and monopoly prices will be formed, which will damage the interests of related domestic companies. In order to monopolize the related industries in China, it will affect the international competitiveness of the country. As if China's leading equipment and auto manufacturing industry can not allow Caterpillar to fully control, because it will greatly undermine China's industrial security, weakening the country's competitiveness.

To this end, conscience and patriotic industry writers wrote aloud: "At present, only Xiagong, Liugong, Sany, and other few strong engineering machinery companies, if not, our own national equipment manufacturing industry may In the past, we adopted a concession-style open strategy for foreign investment, which is not unavoidable, or even rushed. At present, China has entered a new stage of opening up to mutual benefit and win-win progress. Therefore, we should seriously treat foreign capital with prudence. We must guard against repeating the pitfalls of previous joint ventures and mergers and acquisitions.In the introduction of foreign investment, we cannot allow China's equipment manufacturing industry to suffer aggression and passively let the market out. Only by maintaining control of the enterprise can we allow foreign countries to open up from the open. Advantageous resources are used by me, and the potential benefits brought by opening up are realized to achieve 'win-win'."

After China's accession to the WTO, acquisitions have replaced investment and construction and become the most important way for foreign investors to enter the Chinese market. According to the statistics of the Ministry of Commerce, in the camp of mergers and acquisitions, the number of transnational corporations from the United States is the largest, accounting for more than 30%, followed by European Union companies, accounting for about 27%, and the rest from ASEAN and Japan. Foreign-funded enterprises entered China at that time, and there were mainly three considerations. First, China's various tax incentives, second, low labor factor costs, and third, relative to developed countries with high degree of marketization, the environmental costs of developing highly polluting industries in China Low or no. In fact, the vast majority of multinational companies came to China at the time, mainly to use China as a production base in the global industrial chain.

The "super-national treatment" enjoyed by foreign-invested enterprises makes their investment and operating costs much lower than their domestic counterparts, with profits significantly higher than domestic companies. This makes foreign-invested enterprises have the strength to implement low-cost expansion in China, and to suppress domestic enterprises through low-cost acquisitions, low-cost sales and other means. After foreign investors take “super national treatment” in, they adopt various methods to seek control over the Chinese market, and some simply dismantle “joint ventures” and “cooperation” to enter China’s convenient “bridge”, and realize it through mergers and acquisitions and acquisitions. Sole proprietorship or market monopoly. At present, the monopoly trend of multinational corporations in China is becoming more and more obvious. Two-thirds of transnational corporations tend to invest in sole proprietorship.

"Super national treatment" is a concept relative to the "national treatment" required by the WTO rules. It is a foreign-invested enterprise that has been introduced so far in China and enjoys better policies than those of domestic-funded enterprises in terms of taxation, business administration and so on.

When a country wants to encourage and attract funds and technology from foreign countries and does not have a good investment and operating environment in its own country, it often provides foreign companies with more superior policies than their own. When this kind of policy exists for a certain period of time, it forms a preferential policy for the "super-national treatment" of foreign companies, that is, the taxation of foreign enterprises that are better than their own. The purpose is to absorb foreign investment and make up for domestic capital, technology and management gaps.

At the beginning of reform and opening up, China was faced with a double gap between capital and foreign exchange. Its technology and management experience were also extremely scarce, and there was a huge demand for foreign capital. Some local governments have used foreign investment to attract investment, and the preferential policies for foreign investment have increased, which has also contributed to an extremely loose economic environment for foreign investment. The "People's Republic of China Income Tax Law" passed in 2007 stipulates that the income tax rate for domestic and foreign-funded enterprises is unified at 25%. Before the unification of domestic and foreign tax rates, the two corporate income taxes apply different tax rates. The nominal tax burden of foreign-invested enterprises is 15%, and the actual tax burden is 11%. The nominal tax burden of domestic-funded enterprises is 33%, and the actual tax burden is 23%. about. Domestic companies have double the tax burden on foreign companies.

Some local governments and departments blindly attract investment without regard to cost, and unilaterally pursue the quantity of foreign capital that is introduced, and the violation of national industrial policies has occurred from time to time. Many leading enterprises in the industry have been increased in foreign mergers and acquisitions. The emergence of foreign monopolies or the rapid expansion of monopolies in individual fields may pose a threat to national economic security, especially industrial safety. According to a survey conducted by the National Development and Reform Commission, the top five companies in various industries in China are almost entirely controlled or joint ventured by foreign companies. Due to the different treatment of domestic and foreign-funded enterprises, domestic-funded enterprises also have the incentive to join joint ventures with foreign investors to benefit from the policies, which can easily lead to the loss of state-owned assets.

Although foreign capital has played an important role in the special historical period of capital shortage, the long-term enjoyment of “super national treatment” by foreign capital has become more and more pronounced: Because foreign investment is given priority, certain areas are controlled or monopolized by foreign capital, which is extremely ineffective for domestic enterprises. Fairness has inhibited the competitiveness of enterprises and undermined the market environment. Moreover, some domestic-funded enterprises have used double-track loopholes in tax policies to change their face to foreign capital, resulting in “false foreign capital” and the country’s tax revenue has been lost a lot. Even many foreign investors have rejected it because of different treatment. The establishment of trade unions has harmed the rights and interests of employees... Obviously, foreign capital continues to enjoy “super national treatment” and it has certain damage to the interests of the state, companies, and citizens. This will no doubt be tolerated in any country.

The negative effect of the "super national treatment" foreign preferential policy has increasingly exceeded our ability to bear. It has damaged the competitiveness of domestic-funded enterprises. This damage has caused the most serious problems, such as impeding its ability to renew its equipment, upgrade its industrial structure, and attract talents.

In some product markets, China's "reverse discrimination" foreign investment policy has in fact even become accomplice of certain Western multinational corporations to kill domestic-funded enterprises. These Western multinational corporations invest and set up factories in China, using the preferential policies of the Chinese government to crowd out Chinese domestic companies in the Chinese domestic market; on the other hand, they launch anti-dumping lawsuits against Chinese products in their home countries and other countries.

The technology spillovers brought by foreign-invested enterprises in China are not prominent enough. The abuse of intellectual property protection by some foreign-invested enterprises is not conducive to the independent innovation of Chinese enterprises. One of the motives of foreign investors investing in China is to control the spread of technology. It is not our wishful thinking that foreign-funded enterprises will automatically transfer technology and management experience to Chinese enterprises. Practice has proved that it is obviously not enough to rely solely on the technology spillovers of foreign-funded enterprises to develop China's science and technology.

Hyundai Android Car Dvd

1.New HD 1024X600 capacitive touch screen is a double din car dvd: The same touch screen found on your smart phone,more responsive than ever,Bulit-in WIFI hotspots sharing:easy and seamless internet access for you to browser the internet, watch online videos, check your mail, play games, download apps, or even navigation with free online maps.

2.Cost-effective with free online maps: You can easily access different online maps such as Google map, IGO, Sygic and Waze map for free. With Google map, you can get the most accurate and up-to-date routes, live traffic data and more. Find your way around has never been faster and easier.Support easy-connected feature: Compatible with android smartphones and devices, the easy-connected feature enables mutual control between your smartphone and car head uni. You can simply connect and synchronize your smartphone to the uni via USB, with no additional software required.

3.This series can fit other hyundai car:AZERA 2011-2012 /Grandeur 2011-2012/Grandeur HG 2011-2012/HG 2011-2012/I55 2011-2012 /SONATA 2011-2013/SONATA 2015-2016/Verna /Accent /Solaris 2011-2012/2016 H1/H1 2011-2012 /I40 2011-2014/I30 2011-2014/TUCSON / IX35 2009-2013/SANTA FE 2006-2011/Elantra / Avante / I35 2011-2013 /Veloster 2011-2013/I20 2014-2015/I10 2014-2015/IX25 2014-2015.

Hyundai Android Car Dvd,Hyundai Android 4.4 Car Dvd,Hyundai Android 5.1 Car Dvd,Hyundai Android 6.0 Car Dvd

SHEN ZHEN KLYDE ELECTRONICS CO., LTD ,