ABSTRACT
Chinese enterprises are facing a changing international environment and are adapting to a different globalization trend. In the field of international investment, China's two-way investment has written a splendid stroke. China attaches equal importance to “bringing in” and “going out” and makes efficient use of global resources and market spaces with this high-level two-way investment. The “going out” of Chinese enterprises actually refers to internationalization process of Multinational enterprises (MNEs). Therefore, this chapter takes China as spearheading the developing world and demonstrates and discusses the various stages, motivations, and competitive advantages of Chinese MNEs in the process of internationalization.
