Social responsibility key to overseas investments
Updated: 2013-05-24 21:21
China has a huge amount of investments overseas but they often spark local people’s doubts and even protests. China needs to learn about social responsibility when making overseas investments, says an article on the Southern Weekly. Excerpts:
In the late 1970s, China started investing overseas. The total amount of investments has exceeded $60 billion, ranking number five in the world.
However, Chinese companies overseas have never learned how to get along with all sectors of the population, especially disadvantaged people. Because they have been under government protection for too long, they often simply ignore the local people's voices and living conditions, and take harsh actions against those who protest. That's partly why they are blamed for "neo-colonialism" — the local people feel insulted.
To change this, Chinese companies need to learn social responsibility. It’s urgent for Chinese companies to make their own brands, and social responsibility should be an important part of that.