Research On Internationalization Process For Chinese Petrochemical Enterprise

Petrochemical enterprises play an irreplaceable role in the development of industrial economic.In our country,they are not only the pillar industry of national economy,but also an important source of national income.It can be said that the development of petrochemical industry is driving the economic growth.As the speed of the globalization goes on so fast and China’s accession to the WTO,the communication of Chinese market and foreign market is gradually increasing.The development of China’s petrochemical enterprises is facing newly and more complex competitive environment.China petroleum and chemical enterprises how to go abroad,how to learn from the western oil companies in the process of internationalization and how to improve their own overall quality in an impregnable position in the fierce international market competition,is a serious lesson.In the process,on one hand China petroleum and chemical enterprises should realize their advantages and disadvantages,on the other hand must understand the status of the foreign oil companies,and their internationalization development and strategy,in this case,they can absorb their good experience and practices.Since the end of the 20 th century to the 21 st century,after the Asian financial crisis,the world’s petrochemical products market slump,the international oil prices going down sharply.Under this background,the national petrochemical enterprises also adjust their development strategy and product structure.Each petrochemical companies chose different internationalization development ways,also presents different results finally.So it will be play a decisive role in the national economic development if you choose a right way for international development road.Based on many years’ work experience in international business for myself,the theoretical study of internationalization development,the understanding of the importance role of internationalization development and the process of internationalization of China petroleum and chemical industry.The author researches the current situation of China petroleum and chemical industry internationalization and the internationalization of foreign oil companies,analyzes the differences,explore the motivation of internationalization development and the future development of the internationalization of China petroleum and chemical industry.Also she puts forward the suggestions and countermeasures in order to promote the healthy development of China’s petroleum and chemical industry in the process of internationalization.