Dec. 6, 2024
Chinese Companies Going Abroad Must Shift Away from Zero-Sum Thinking, Says CEO of OceanPine Capital
TMTPOST -- Chen Ligang, CEO and Managing Partner of OceanPine Capital, emphasized the need for Chinese companies expanding abroad to adapt to the changing global landscape on Friday at the 2024 T-EDGE Conference and TMTPost Annual Economic Meeting. Chen noted that as China’s manufacturing sector transitions toward high-end production, three key sectors—new energy, semiconductor chips, and automotive and related parts—are emerging as major opportunities for Chinese companies going global. However, Chen also warned that with the increasing likelihood of a "Trump 2.0" era and the intensification of international trade barriers, Chinese companies must rethink their traditional mindset. He stressed, "Our overseas enterprises urgently need to move away from zero-sum and inward-looking thinking, and instead focus on building healthy, sustainable supply chains. They must actively integrate into local ecosystems and strive for win-win outcomes."
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