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2 results

  • 9 - China’s Technological Competence, Trade Relations, and Economic Co-operation

  • David K. Tse, The University of Hong Kong, Kineta Hung, Hong Kong Baptist University
  • Book:
    Dynamic Growth of Chinese Firms in the Global Market
    Published online:
    05 February 2020
    Print publication:
    13 February 2020, pp 169-192

  • Summary

    This chapter assesses the future of Chinese firms in our globalising and technologically leapfrogging economy, a topic that has been met with increasing attention. The first part focuses on the technological domain (STEM), including technological talents in China and its national strategic development plan, China 2025. The second part looks at China’s trade relations with other nations. The third part looks at China’s economic co-operation with other nations, with special attention on China’s Belt-and-Road Initiative. While these domains do not exhaustively include all factors affecting Chinese firms, they highlight the boundaries within which Chinese firms operate and prosper in the global economy.

Dynamic Growth of Chinese Firms in the Global Market
  • Challenges, Strategies and Implications
  • David K. Tse, Kineta Hung
  • Published online:
    05 February 2020
    Print publication:
    13 February 2020
  • How have Chinese multinationals benefited from China's economic boom to enable their international expansion? This book is based on many years of original research tracing the emergence, growth and future of Chinese firms in the world economy. The authors seek to provide new perspectives and insights for business executives and graduate students through a comprehensive study of how China's firms globalize and operate, and the implications of this for economic success. Based on detailed case studies and summative examples of successful Chinese firms, Tse and Hung point out their strengths (e.g. making innovations affordable to many developing nations), their weaknesses (products made in China are not highly regarded) and their mistakes (being insensitive to host economy needs and at times corruptive acts). They argue that the world economy would benefit from engaging with Chinese and other emerging economy firms to learn from the strategies they employ to achieve their global reach.