Research On The International Market Entry Barriers Of China's Enterprises

With the deepening of economic globalization, technological advances, the economies around the world actively integrate into the world economy. With the investment area covering 177 countries and territories worldwide, foreign investment from China in 2009 ranked fifth in the world. Meanwhile, the method of investment with which Chinese enterprises enter the international market is also more diversified. With the acceleration of Chinese enterprises entering the international market, they are also encountered with different degrees of entry barriers in different markets. Because of the scarcity of resources, oil as an important strategic resource concerns national security in the international market is increasingly competitive, making this industry more special and representative compared with others.This paper will study China's enterprises entry barrier on the case of petroleum Enterprises, trying to induce the barriers to market entry in China's petroleum enterprises "going global" After that, barriers to market entry influencing the China's petroleum investment in international market will be studied. Then it provides conclusions and some implications for China's petroleum enterprises "going global"This paper consists of six parts. In the first chapter, i.e. the introduction, the paper briefly introduces the background and purpose of this research and relative contents, methods and potential innovation. The second chapter shall be the literature review on entry barriers, including general theory and Chinese literature about petroleum industry. Then in the third chapter, the paper studies the present distribution of word petroleum resources and the development of China's petroleum enterprises. The fourth chapter focuses on the economic barriers, resources barriers, technical barriers and the administrative barriers in China's Enterprises "going global". It especially studies the administrative barriers on the case of CNOOC mergers Unocal Corporation. The fifth chapter analyses the barriers in China's petroleum enterprises "going global" and studies on the impact of barriers to market entry on the China's petroleum enterprises. The last chapter provides a conclusion and some implications.The main conclusions of this paper are as follows:Firstly, compare to petroleum enterprises in developed countries, China's petroleum enterprises'technologies and investment scale are limited. Economic barriers, resources barriers, technical barriers and the administrative barriers to entry suffered by the China's petroleum enterprises "going global". In these barriers, especially, it is hard for China's petroleum enterprises to overcome administrative barriers. More political interference made by foreign governments increases the difficulties for China's petroleum enterprises to invest in international market. Secondly, barriers to market entry strongly influence the scale and area of investment and Investment manner.