“No Going Global, No Business”? No—Blind Globalization Is a One-Way Ticket to Trouble

“No Going Global, No Business”? No—Blind Globalization Is a One-Way Ticket to Trouble The Hidden Hurdles Chinese Companies Must Overcome to Succeed Globally In today's competitive landscape, “going global” has become a survival imperative. Yet why do more than half of Chinese enterprises struggle and ultimately retreat from international markets? In 2024, Chinese outbound direct investment is expected to exceed US$200 billion. However, according to Ministry of Commerce data, at least 37% of these ventures have been forced to scale back due to strategic missteps or compliance failures. From JD.com shutting down its Indonesian platform and Gree Electric receiving steep U.S. penalties, to a new energy firm freezing a US$200 million investment over regulatory oversights, these high-profile cases reveal a stark reality: globalization is not a trend to follow but a survival battle that requires precise calculation. Drawing on authoritative reports from McKinsey, Deloitte, and the ...