Research On The Relationship Among The Belt And Road?Synergy Of Rail Transit Industry And Enterprise Performance

The “Belt and Road” is a positive action symbolling China integrating into the Common Destiny of Human Being,it means that china is committed to contribute its power and wisdom to the world,and transform China's opportunities into world opportunities.At this stage,china advocates a strategy of going global and cooperation of industry capacity on nation level.Therefore this paper mainly focus on how domestic enterprises explore strategic path of upgrading and sustainable development under the political circumstance.This paper is based on the enterprise product life cycle theory,factor endowment theory,transaction cost theory and enterprise capability theory.To achieve research purpose,this paper takes cooperation of industrial chain as starting point,furtherance of national strategy and corporate performance as foothold,finally Mingtaialuminium Industry Co.,Ltd as an example.Rail transit industrial chain links many highly connective fields,creates varieties of employments and has tremendous impact on consumption,hence is taken as key cultivation objects compared to other advanced manufacturing industry.Mingtaialuminiun is devoted to achieving transformation and to adjusting product structure by joining the rail transit industrial chain,this process is the epitome of the country's adjustment of industrial structure and transformation and upgrading.In the research process,this paper analyzes the development status and potential of the rail transit industry,and draws a preliminary conclusion that the transformation and upgrading of Mingtaialuminiun has market conditions.Overseas market is mainly expanded by the Belt and Road facility connectivity policy and high-speed railway diploma.The domestic urban rail transit market represented by Henan also showed a prosperous trend for improving the domestic infrastructure network of the Belt and Road.Secondly,this paper analyzes the structural changes of Mingtai Aluminum's products,the shareholding structure of subsidiaries,business scope and corporate performance,and have found synergy between Mingtai Aluminum and downstream China CRRC Group(China CRRC)Co.,Ltd.At the same time,supplemented by the study of Mingtaialuminum's announcement and financial statements,this paper confirming the existence of synergy between Mingtaialuminum and China CRRC in the industrial chain.Meanwhile analysis of the company's financial performance supports the result that industrial chain synergy has positive impact on the company's performance and the furtherance of the Belt and Road strategy.Inspired by advanced industrial chain synergy(represented by the US and Japanese automobile industry chain),this paper proposes rough suggestions for strengthening the synergy effect of the rail transit industry chain.