跨国公司的

The basic peddler for transnational corporation development is to make full use of resources, and in recent years, new reasons have emerged with the fast development of economy, for example, to reduce producing pressure, to amortize huge cost of research and development.

无论是从顺应经济发展的趋势方面讲，还是从把握跨国公司发展动因的角度说，中国经济的发展都需要跨国公司的支持。现在，我国已加入世界贸易组织，这更为我国企业融入世界经济降低了成本，跨国公司是中国企业的下一个发展目标。

The MNEscontinue to deepen the internal division of labour and enlarge the scope of world market.

分工对跨国公司的作用最明显的是提高了跨国公司的生产效率。

The history of multinational operation is close to 200 years,while it has been prospering about 40 years.

跨国公司的历史已有近二百年，而跨国公司在全球范围内的蓬勃发展则是近四十年的事。

After analysing this trend of the TNCs" organizational structure, this paper indicates: enhancement of the environmental uncertainty, competitive pressure of industrial globalization and physical condition that is offered by informational technology are the exterior driving factor of network structure of TNCs. In the other side, the elevation of oneself transnational operation level nowadays, implementing "transnational strategy, the globalization of the source of gaining resource under the new business model and global learning of TNCs are ulterior driving-strength for this trend.

本文分析了跨国公司的这种组织结构发展趋势，在总结了以前研究者的成果和剖析跨国公司组织结构历史发展的过程基础上，指出：环境不确定性的增强、产业全球化的竞争压力和信息技术提供的物质条件是跨国公司内部结构网络化的外部驱动因素；而当今跨国公司自身海外经营层次的不断提高、跨国战略的实施和新跨国经营模式下的对关键资源来源全球化的需求和跨国公司全球学习则构成了跨国公司朝这个趋势发展的内在驱动力量。

The structure of this article is as follows: Firstly, the background of this article is stated in exordia and the question was raised; chapter one stated cash flow management theory and transnational corporations' cash flow management characters; chapter two introduced general cash flow management technical and method; chapter three analysis cash flow management situation of Chinese transnational corporations; chapter four take VW as an example to expatiate company situation and the impact to cash flow management by the organization of the company, the goal of cash flow management and financing strategy, then introduce the cash flow forecast module, at last analysis the experience and disadvantage of VW's cash flow management; Chapter five give some suggestions to Chinese local transnational corporations for cash flow management including: using proper cash flow management technical and establish scientific process, ect.; the last part is the conclusion This article took VW's cash flow management as an example to descried transnational corporation cash flow management theory and practical issues, but some techniques can only be used in some country where can exchange currency freely; it can not be practical in some foreign exchange administration countries including China, such kind of cash flow module still under discussion based on theory.

本文结构如下：首先在绪言部分简述了选题背景，提出了问题；之后，第一章陈述了现金流管理理论和跨国公司现金流管理的特点；第二章评述了国际常见的现金流管理技术和方法；第三章分析了中国跨国公司的现金流管理现状；第四章详细阐述了VW公司现金流管理的实例，包括公司的发展及组织架构设置对现金流管理的影响，公司现金流管理的目标、筹资策略等，重点介绍了VW公司的现金流预测模型，最后分析了VW公司现金流管理的经验和不足；第五章详细阐述了对中国跨国公司现金流管理的建议，包括应用适合的现金流管理技术及建立科学的现金流管理流程等；最后在结论部分对该文做了总结。

Based on the operation period of MNCs in China, there are three kinds of model applied by MNCs.They are adaptive model, exploitive model and integrated model.

纵向研究根据在华跨国公司的经营阶段，总结出在华跨国公司所经历的三种人力资源管理模式，即一体化、当地化和全球整合模式。

First is that it stands factors of limiting FDI spillover; the second is that there are negative effects of FDI. On the basis of the above points, the thesis put forwards to suggestions on improving FDI spillover. Chapter 5 talks about two problems: firstly, the factors of limiting FDI spillover in China; Secondly, putting forward to suggestions on how to improve the quality of utilizing FDI in macro and micro aspects. For the viewpoints above, on the basis of deeply analyzing reasons of unapparent FDI spillover, the thesis points out the suggestions on improving the quality of utilizing FDI.

在论文的第五部分主要讨论了两个问题：第一，外商在华投资溢出效应扩散的制约因素(外资企业的技术供给制约因素，我国吸收外商直接投资溢出效应能力不足，外部环境的制约因素)；第二，从宏观、微观层面对如何提高利用外资质量提出了建议(加大我国外商直接投资特别是大型跨国公司的吸引力度，充分利用外商直接投资的技术外溢效应；在跨国公司进入的产业领域积极培育真正意义上的市场竞争结构，通过竞争的压力迫使跨国公司加强技术的外溢；政府可通过一系列促进措施，为国内企业吸收跨国公司的外溢效应创造良好的外部环境)。

Throngh the research on the model of MNCs in China, this paper has found the character and transformation of that model. And then we can understand their pursers of adapting to the situation of China.

本研究就是把背景放到中国，通过研究在华跨国公司的人力资源管理模式，发现它的变化特点，理解跨国公司为适应其在华的经营而出现的管理上的转变。

But capital is profit-seeking, so do multinational companies. And transfer price is an important tool to gain high profit of them, so there is necessity to study about it.

但是资本本身是逐利的，跨国公司也不例外，它们进入每一个领域和市场的目的都是获取利润，而内部转移价格正是跨国公司实现其目的的重要手段，因此，有必要对跨国公司的内部价格进行深入的研究。

This paper analyzes the characteristics of TNCs, their technological strategies and main changes in China. It also discusses the reasons and development trends of technological strategy readjustments of TNCs. Finally, this paper puts forward the corresponding suggestions to China Government and enterprises.

本文分析了跨国公司的特征和技术战略，以及随着中国经济发展和在华投资水平的提高，跨国公司在华技术战略的主要变化；探讨了跨国公司在华技术战略调整的原因及发展趋势，并对中国政府和企业提出相应的对策建议。

As she looked at Warrington's manly face, and dark, melancholy eyes, she had settled in her mind that he must have been the victim of an unhappy attachment.

每逢看到沃林顿那刚毅的脸，那乌黑、忧郁的眼睛，她便会相信，他一定作过不幸的爱情的受害者。

Maybe they'll disappear into a pothole.

也许他们将在壶穴里消失