Firms should look before they leap into foreign markets

Chinese enterprises have gone global thanks to the rapid economic development of China over the past decades. They now occupy a vital place and enjoy certain advantages in the global industrial chain and marketing network because they have optimized worldwide resources and trade mechanisms such as the Belt and Road Initiative, which is aimed at improving connectivity between Asia and Europe and Africa.

But due to their lack of sufficient security risk awareness, some Chinese enterprises have suffered setbacks in overseas projects, including the abandoned high-speed railway project in Venezuela.

Security risks occur due to a variety of political, economic and social reasons.