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1 results

  • 7 - Corporate Social Responsibility

  • 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 123-145

  • Summary

    Chinese firms have a poor history of questionable practices that have caused various public relations crises in domestic and international markets. This chapter examines the development of corporate social responsibility (CSR) in Chinese firms, including their drivers and their current state. To prevent Chinese firms from having profit maximisation as their sole objective, the Chinese government positioned CSR as an area central to the country’s stability and future growth. It has also developed guidelines for firms in line with the United Nations Global Compact and encouraged firms to adopt them in their corporate policies and activities. The chapter ends by examining the CSR practices adopted by Huawei, a major Chinese firm, in its overseas operations, including those in Africa.