Book contents
- Dynamic Growth of Chinese Firms in the Global Market
- Dynamic Growth of Chinese Firms in the Global Market
- Copyright page
- Contents
- Figures
- Tables
- 1 Introduction
- 2 China’s Economic Rise and Global Footprints of Chinese Firms
- 3 Globalisation of Chinese Firms Using Existing Paradigms
- 4 Globalisation of Chinese Firms Using New Paradigms
- 5 Challenges and Failures
- 6 Product Images and Market Acceptance of Chinese-Made Products
- 7 Corporate Social Responsibility
- 8 Managing National Image
- 9 China’s Technological Competence, Trade Relations, and Economic Co-operation
- 10 Holistic Conclusion through a Futuristic Lens
- Index
- References
10 - Holistic Conclusion through a Futuristic Lens
Published online by Cambridge University Press: 05 February 2020
Book contents
- Dynamic Growth of Chinese Firms in the Global Market
- Dynamic Growth of Chinese Firms in the Global Market
- Copyright page
- Contents
- Figures
- Tables
- 1 Introduction
- 2 China’s Economic Rise and Global Footprints of Chinese Firms
- 3 Globalisation of Chinese Firms Using Existing Paradigms
- 4 Globalisation of Chinese Firms Using New Paradigms
- 5 Challenges and Failures
- 6 Product Images and Market Acceptance of Chinese-Made Products
- 7 Corporate Social Responsibility
- 8 Managing National Image
- 9 China’s Technological Competence, Trade Relations, and Economic Co-operation
- 10 Holistic Conclusion through a Futuristic Lens
- Index
- References
Summary
Twenty-five years after Chinese firms began their globalisation process, some of them have become global game changers and represented in the Fortune Global 500. This chapter begins by discussing the nature, types, and extent of changes these firms have brought about. Then, the chapter points out the growing challenges, including the challenges posed by Chinese firms’ overseas operations and merger and acquisition activities that would affect the perceptions of these firms in the international market. The third part of the chapter takes a futuristic lens and proposes how ‘Chinese firms going global’ will evolve, including a discussion on the extent the world accepts globalising Chinese firms and the impact world acceptance may pose on these firms’ future and growth.
Keywords
- Type
- Chapter
- Information
- Dynamic Growth of Chinese Firms in the Global MarketChallenges, Strategies and Implications, pp. 193 - 214Publisher: Cambridge University PressPrint publication year: 2020
References
Boisot, M. and Child, J. (1996). From fiefs to clans and network capitalism: explaining China’s emerging economic order. Administrative Science Quarterly, 41(4): 600–28.CrossRefGoogle Scholar
CNBC. (2017). ‘Made in China’ isn’t so cheap anymore, and that could spell headache for Beijing. CNBC. 27 February. Retrieved 1 October 2018. www.cnbc.com/2017/02/27/chinese-wages-rise-made-in-china-isnt-so-cheap-anymore.html.Google Scholar
Fortune. (2018). Fortune Global 500. Retrieved 16 July 2019. http://fortune.com/global500/list/.Google Scholar
Lau, C. M., Tse, D. K., and Zhou, N. (2002). Institutional forces and organizational culture in China: effects on change schemas, firm commitment and job satisfaction. Journal of International Business Studies, 33(3): 533–50.Google Scholar
Lirios, D. (2015). New Silk Road trade to top US$2.5 trillion, says Xi Jinping. China Topix. 30 March. Retrieved 10 January 2019. www.chinatopix.com/articles/44159/20150330/new-silk-road-trade-to-top-2–5-trillion-says-xi-jinping.htm.Google Scholar
Luo, Y. and Tung, R. L. (2007). International expansion of emerging market enterprises: a springboard perspective. Journal of International Business Studies, 38(4): 481–98.Google Scholar
Nasdaq. (2019). Nasdaq PE ratio 2006–2018, electronic dataset. Macrotrends. Retrieved 16 July 2019. www.macrotrends.net/stocks/charts/NDAQ/nasdaq/pe-ratio.Google Scholar
Topping, A. (2007). Mattel recalls 1.9m potentially dangerous Chinese-made toys. The Guardian. 15 August. Retrieved 10 January 2019. www.theguardian.com/business/2007/aug/15/usnews.china1.Google Scholar
Tse, A. and Wu, J. (2018). Why ‘Made in China 2025’ triggered the wrath of President Trump. South China Morning Post. 11 September. Retrieved 10 January 2019. https://multimedia.scmp.com/news/china/article/made-in-China-2025/index.html.Google Scholar
Tse, C. H., Yu, L., Leung, F. F., and Tse, D. K. (2017). Understanding China’s state capitalism through its SOEs: the effects of globalization and state ownership in the pursuit of economic and social goals. Working Paper, Contemporary Marketing Center, the University of Hong Kong.Google Scholar
Walder, A. G. (1995). Local governments as industrial firms: an organizational analysis of China’s transitional economy. American Journal of Sociology, 101(2): 263–301.Google Scholar
Xinhua. (2018). China’s central SOEs see decline in debt-asset ratio in H1. Xinhua. 12 January. Retrieved 10 January 2019. www.xinhuanet.com/english/2018-07/12/c_137319969.htm.Google Scholar