Mainland China businesses are going global, transforming the country from a manufacturing export platform into an overseas investment powerhouse. China Goes Global is the most thorough and up-to-date empirical analysis of the accelerating effort of Chinese companies to go global by investing overseas. It details the overall trends of this activity with respect to its sectors, channels, overseas targets, and particular firms, along the role of Chinese Government policy in facilitating business enterprise globalization. The book offers readers an enterprise level of view outward expansion by Chinese firms that is focused not only on the big-names, but also less well-known, but equally important trailblazing enterprises. In doing so it offers practical suggestions on how firms can tackle the challenges encountered when expanding outward.
About the Author
Dr. Wang Huiyao is the Founder and President of CCG and also serves as a Counsellor of the China State Council Office. He has published nearly 50 books and over 100 articles on China and globalization, focusing on the worldwide circulation of Chinese talent and Chinese firms investing abroad. Dr. Miao Lü is Executive General Secretary for CCG and the China Global Talent Society of the Ministry of Human Resources and Social Security. She has been a visiting scholar at New York University's China House and the Fairbank Center, Harvard University, and published books on Chinese Talent circulation and global think tanks.
Table of Contents
Chapter 1 Scholarly Context of this Book The Secondary Literature on Chinese Outbound Investment and this Book Unique Features of this Study of Chinese Foreign Direct Investment Plan of this Book Chapter 2 Overview of Chinese Enterprise Globalization Background The Present Situation and Features of Global FDI Current Situation and Characteristics of Chinese Enterprise Globalization Problems in the Globalization of Chinese Enterprises Suggestions for Promoting the Globalization of Chinese Enterprises Conclusion Chapter 3 Ten Models for Chinese Companies Going Global Introduction Analysis of Environmental Factors Ten Models for Chinese Companies Going Global SummaryChapter 4 Evaluation System and Rankings Theoretical Research on Evaluating Globalization of Chinese Enterprises Evaluation system for Chinese enterprises' globalization Weighting of each factor ConclusionChapter 5 CCG Recommended Rankings on Chinese Companies Going Global Top 50 List of Chinese Firms Going Global: Established Globalizing Companies China's Top 10 Globalization Performance (2012-2013) Top 10 Cross-Border M&As by Chinese Enterprises Top 50 Overseas Listed Chinese Companies,2013-2014 Chinese Top 50 New Globalizing Enterprises Top Globalizing Chinese Enterprises: Summary and Trends Case Study of Chinese Top New 50 Globalizing Enterprises Appendix Chapter 6 'Going Global Strategy'and GlobalTalent The Current Situation and Problems for Chinese Enterprises in 'Going Global' The Situation and Causes for the Global Talent Shortage Affecting Chinese Enterprises Investing Abroad Advices on How to Train and Introduce Global TalentChapter 7 Challenges and Strategies of 'Going Global' Challenges and Faced by the Chinese Main ODI and Possible Measures for Overcoming them Challenges of Chinese ODI and Measures for Overcoming Them: A Regional Perspective Other challenges and Countermeasures in Chinese Overseas Mergers and AcquisitionsChapter 8: One Belt, One Road and Future Directions for Chinese Outbound Investment 'One Belt, One Road' and China's Growing Role in Global Economic Governance Impact on Chinese Outbound Investment Risks and Countermeasures Appendix: Statistical Overview and Analysis of Chinese Outbound Foreign Direct Investment Appendix Excel Document on Individual Enterprise Globalization
What People are Saying About This
As China seeks to upgrade its economic growth model by globalizing its business enterprises, we need to examine carefully and sum up the experiences of internationalization success stories that can serve as models to guide Chinese enterprises trying to go global. It is with these aims in mind that CCG and the Chinese International Economic Cooperation Society has under taken and published this comprehensive research project on the globalization of Chinese business enterprises. This book is very useful for firms intending to go global. I hope CCG will continue this research and provide intellectual support for the Chinese companies seeking to deepen their international footprint."
- Cao Dawang, Vice Chairman, Center for China & Globalization Strategic Advisory Board, Founder and Chairman, Fuyao Automotive Glass, China
"Wang's timely, cutting edge and comprehensive study presents models, measurement matrices, theories and numerous cases studies of China's overseas direct investment. This book is a must-read for anyone wanting to understand China's potential impact on the global economy in the coming decades."
-David Zweig, Dean, Division of Social Sciences, Hong Kong University of Science and Technology
"Huiyao Wang has made a singular contribution to the study of Chinese globalization. In this well researched book, he examines the background of the globalization of China, including alternative models that have been used by Chinese entrepreneurs and businesses. He develop a unique and much needed ranking system for China global enterprises and recommends a list of top performers. Dr. Wang end the book with a discussion of challenges facing Chinese companies and how business leaders in China might approach these challenges with new, innovative solutions."
- Ilan Alon, Ph.D., Professor of Strategy and International Marketing, Editor, International Journal of Emerging Markets