Import Competition On Chinese Enterprises’ Internationalization

At present,the international and regional situation is changing and complex,and China,as a major economy in the world and a major country in goods trade,has deeply integrated its economy into the world.By vigorously promoting trade and investment facilitation policies,lowering tariffs,actively opening markets,and actively expanding imports,China’s foreign trade has developed steadily.The expansion of imports has led to increasingly fierce import competition in domestic industries.Faced with the intensification of import competition,in order to reduce their domestic competition or avoid domestic competition,will Chinese enterprises adopt an internationalization strategy to pursue the survival and development of foreign markets to replace their development in the domestic market? Moreover,according to the relevant theory of import competition,on the one hand,it will produce innovation inhibition effect,reduce enterprise innovation and quality,and thus be detrimental to enhancing export competitiveness;On the other hand,it will bring about an innovation promotion effect,enhance innovation capabilities,and help increase exports.So,for Chinese enterprises,which of the two contradictory effects of import competition dominates? And so on,these are still lacking.In order to make up for the shortcomings of the above research,this paper integrates the theory of enterprise internationalization and import competition,uses statistical data such as CSMAR,WIND,UN Comtrade,and the database of the General Administration of Customs to construct the panel data of listed enterprises in some industries of China’s manufacturing industry from 2003 to 2021,and then analyzes by using the panel Tobit model:(1)the impact of import competition on the internationalization degree of enterprises;(2)the regulating effects of industry competition and regional competition on import competition and enterprise internationalization,respectively;(3)On the basis of the previous analysis,the heterogeneity test and robustness test are further carried out.Apart from this,a case study on BOE is conducted to enrich the research.The results show that import competition can significantly promote the internationalization process of enterprises,and industry competition and regional competition have promoted the positive impact of import competition on the internationalization of Chinese enterprises.Furthermore,for enterprises of different nature,the impact of import competition on their internationalization degree is heterogeneous,which is reflected in the more significant impact of private enterprises.According to it,suggestions are given from the national and enterprise levels,and the government needs to continuously optimize import policies,scientifically guide foreign investment,and strengthen the risk prevention of overseas investment by enterprises.Enterprises should correctly understand their own competitive environment and competitive position,reasonably carry out overseas layout.