The Study On The International Competitiveness Of Chinese Coal Enterprises

With the rising cost of domestic coal mining and the lower international coalmarket prices, since2009China has become a net importer of coal, domestic coalmining companies face enormous challenges. In the new era of opening up, thenational strategy guide enterprises to "go" actively to seek integration of all types ofelements and market expansion of the international market. Under such circumstance,the coal companies are also actively seeking transformation, but did not find the mostsuitable transition path. How to achieve international business and non-coal fieldexpansion of coal companies has been an urgent issue. At present, although more thana dozen of Chinese coal enterprises have enlisted in Fortune500, these companies’overseas operations start late, lack international experience, operate in small size andlow level of internationalization. Therefore, in the increasingly fierce internationalcompetition, it is urgent to objectively analyze Chinese international competitivenessof coal enterprises and promote the international competitiveness of coal enterprises.In this paper, with the international competitiveness of Chinese coal enterprises asthe breakthrough point, the author objectively analyze that the coal enterprises arefacing the changing international environment and the internationalization of its ownconditions. The author has especially carried on a more thorough analysis on theChinese coal enterprises Top100and the Fortune500of Chinese coal enterprises’overseas direct investment, and revealed the international competitive advantages anddisadvantages from Chinese coal enterprises factor conditions, demand conditions,related industries and supporting industries, and enterprise strategy, structure andrivalry, but the comprehensive international competitive strength is relatively weak.Further, through using the factor analysis method, the author builds evaluation systemof international competitiveness of coal enterprises includes11indicators. Selecting45domestic and international coal listing Corporations as the research sample and usingextraction of international scale, profit ability and growth ability of3different weightsof common factor to make a quantitative analysis and comparison on International competitiveness of these domestic and international coal listing corporations, andfinally get the comprehensive evaluation ranking. The evaluation results show thatmany Chinese coal enterprises in the international scale, profitability and growthability have advantages and disadvantages. But compared with foreign coal enterprises,comprehensive evaluation of coal enterprises ranking is lower and the comprehensiveinternational competitive strength is lower. Therefore, the internationa lizationoperation of Chinese coal enterprises must focus on the promotion of the internationalcompetitiveness. They should strengthen the sense of internationalized operation,expand the scale of the enterprises, diversify ways to extend the coal industry chainand increase channels to enhance overseas investment and expand the development ofnew areas. They should effectively cultivate advanced elements so as to ultimatelyrealize the successful transformation of coal enterprises.