This book explains the 'how' and 'why' of the internationalization of Chinese firms, and the impact on developed markets on a theoretical and empirical level as well as on the basis of case studies
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"The key to understanding China's future is to understand its present and appreciate its past. China is going global, and we would be well-advised to pay attention. The essays in 'China Rules' portray a nation in flux, still trying to find its appropriate role on the world stage – and they give us vital information on our own roles as well."
- Claudio Feser, Director, McKinsey& Company, Inc.
There are many books on China. What distinguishes this text is that it draws on the intellectual efforts of a broad assembly of scholars to offer a penetrating analysis of a salient China-related competitive strategy issue: the shape of global competition to come. It deals with the internationalization of Chinese firms, their institutional environments, their strategies, alliances and other paradigms. It is not light reading but it is a valuable component of the book collection of serious China-business scholars.
- David McHardy Reid PhD, Professor of Global Business Strategy, Albers School of Business and Economics, Seattle University
As part of a serious and valuable effort to explore 'China going global,' this timely book collects rich information and enlightening analyses on China's epic entry into the global market and the profound impact of that process on the world and on China itself. The many authors from around the world gathered here offer a great deal about the internationalization of Chinese enterprises and business practices as well as the emerging Chinese rules and activities that the world is increasingly reckoning with.
- Fei-Ling Wang, Professor of International Affairs, Georgia Institute of Technology
'...recommended to readers who are interested in China's political economy and policies...Scholars and policy makers who intend to have comprehensive analyses of the institutional framework for trade and investment in and out China will find this book very beneficial.' - Chine se Management Studies
'...the book is one which anyone drawn to the 'China challenge' or simply fascinated by the 'China story' would find well worth reading.' - Asia Pacific World
The development of the Chinese multinational is a new feature of globalization. This book deals in the first section with the political economy and governance of China. The contemporary discourse of the internationalization of Chinese enterprises is discussed from different theoretical perspectives and shows how it will reshape global competition, and how the new corporate governance structures impact the long-term performance of state-owned enterprises in China.
The second section assesses international trade and foreign direct investment (FDI) by Chinese firms and their impact on developed countries. The effects of China's policy and regulatory change on outward FDI are outlined and a Sino-EU Intra-Industry Trade and FDI analysis explores the nature of the challenge facing the EU. Section three describes the developments in certain Chinese industries, such as telecommunications, electronics and automotives, and explains companies and government strategies to gain access to global natural resources.
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