Bio

China Daily (Canada) - - PEOPLE -

MICHAEL ENRIGHT be good and good busi­ness for the for­eign com­pa­nies, he says.

He says there is a great deal of con­fu­sion in the in­ter­na­tional com­mu­nity, be­cause it is not clear what ap­proach is best to get in­volved. There is also some fear that many ini­tia­tives might be ex­clu­sive to Chi­nese com­pa­nies so it is best if China can work out the de­tails soon.

Enright says that as Chi­nese com­pa­nies go in­ter­na­tional, there will be more need of mu­tual un­der­stand­ing over the next few years about what Chi­nese com­pa­nies are al­lowed to do in for­eign coun­tries and what for­eign com­pa­nies are al­lowed to do in China.

China be­came a ma­jor ex­porter, but with rel­a­tively few Chi­nese com­pa­nies ac­tu­ally un­der­stand­ing the in­ter­na­tional mar­ket. And that is go­ing to be one area in which work­ing with for­eign com­pa­nies or al­ly­ing with for­eign com­pa­nies is go­ing to be crit­i­cally im­por­tant, he says.

Cer­tainly for the de­vel­op­ing coun­tries, cap­i­tal, ex­per­tise and in­fra­struc­ture in­vest­ment from China could make a ma­jor con­tri­bu­tion to devel­op­ment. In the more ad­vanced coun­tries, Chi­nese in­vest­ment is also con­tribut­ing more to de­vel­op­ing in­fra­struc­ture, and it is cre­at­ing jobs.

PRO­VIDED TO CHINA DAILY

Michael Enright at the launch cer­e­mony for his new book in Bei­jing.

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