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China's global reach: markets, multinationals and globalization

Author: Gu, George Zhibin Publisher: Fultus Corporation, 2006.Edition: Revised and updated ed.Language: EnglishDescription: 249 p. ; 23 cm.ISBN: 1596820934Type of document: BookBibliography/Index: Includes bibliographical references
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Item type Current location Collection Call number Status Date due Barcode Item holds
Book Europe Campus
Main Collection
Print HC500.42 .C4 G8 2006
(Browse shelf)
001193527
Available 001193527
Total holds: 0

Includes bibliographical references

Digitized

China's Global Reach Market, Multinationals, and Globalization Table of Contents Acknowledgments............................................................................................. 7 Introduction....................................................................................................... 8 Three New Lessons....................................................................................... 8 Growing Up in China.................................................................................... 9 Going International..................................................................................... 10 Returning Home.......................................................................................... 11 This Small Book.......................................................................................... 11 The Big Picture........................................................................................... 14 Part I. China as a New Global Theater....................................................... 16 Chapter 1. Ambitions of Foreign Multinationals in China............................. 18 Today's Versions of Columbus and Magellan............................................ 18 International Rush....................................................................................... 19 Why Are They Here?.................................................................................. 20 Why China?................................................................................................. 20 One Big Factory-Market............................................................................. 24 More Sectors, More Players........................................................................ 28 Chapter 2. The Business of China Is Business!.............................................. 34 "Empty Talk Destroys Prosperity!"............................................................. 34 Foreign Bankers.......................................................................................... 35 Spouses and Children.................................................................................. 36 Welcome!.....................................................................................................37 Chapter 3. Creation of a Global Manufacturing Center................................. 39 Unexpected Contributors............................................................................ 39 Arrival of Indian Companies.......................................................................40 A Crowded Market......................................................................................41 Galanz: the Manufacturer of the World...................................................... 42 Convenient Settings.................................................................................... 43 Future Trends.............................................................................................. 44 Chapter 4. The Ultimate Driving Force: Explosive Consumption................. 45 Unexpected Development........................................................................... 45 Impressive Outcome................................................................................... 46 Continued Consumption Surge................................................................... 47 Chapter 5. The Sharp Rise of Private Sector.................................................. 49 One U.S. Banker's Discovery......................................................................49 40 Million Private Businesspeople............................................................. 50 Rural and Urban Entrepreneurs.................................................................. 50 Buttons Create a New Industrial Town.......................................................52 Jinjiang, Fujian: Biggest Exporting Center for Sport Shoes.......................53 Low-End Players......................................................................................... 54 George Zhibin Gu Chapter 6. All Players Are Important..............................................................57 Competing International Players................................................................. 57 Auto Market................................................................................................. 59 International Banks...................................................................................... 59 International Listings................................................................................... 61 Consumer Views..........................................................................................62 Part II. Global Interactions, Business Experiences, and Job Transfers.. 63 Chapter 7. Learning - A Big Industry..............................................................65 Demand for Education................................................................................. 65 A Top School............................................................................................... 67 International Involvement........................................................................... 68 Chapter 8. The Officials' Global Reach.......................................................... 70 Officials Lead the Way................................................................................ 70 Guangdong versus Inland............................................................................ 72 Abolishing Bureaucratic Tricks................................................................... 73 International First........................................................................................ 76 New York versus Beijing............................................................................ 78 Chapter 9. "Capital Is Not Enough"................................................................ 80 No Shortcuts................................................................................................ 80 Two Lessons to Remember......................................................................... 81 Volkswagen versus Beijing Jeep................................................................. 84 "Capital Is Not Enough".............................................................................. 86 Ericsson's Seven Mistakes........................................................................... 87 Bashing Carrefour....................................................................................... 89 Chapter 10. Global Job Transfers.................................................................... 91 One International Question..........................................................................91 Hiring by Foreign Multinationals................................................................ 92 New Era of Global Job Transfers................................................................ 94 Job Worries Around the World................................................................... 96 Hiring by Chinese Players........................................................................... 97 Global Job Transfers: China versus India................................................. 100 Part III. China's New International Experiences..................................... 103 Chapter 11. Price, Price, Price.......................................................................106 A Chinese Edge......................................................................................... 106 GE in China............................................................................................... 107 Japan's Global Efforts................................................................................. 110 Cisco versus Huawei................................................................................. 112 Microsoft in China..................................................................................... 114 Global Price Reductions............................................................................. 116 Chapter 12. When Can China's Companies Become Global?....................... 118 Weakness at Home......................................................................................118 State Banks: "The Troublemakers".............................................................120 A Long Way to Go...................................................................................... 122 China's Global Reach: Markets, Multinationals, and Globalization Chapter 13. Chinese Multinationals.............................................................125 Some Sizable Chinese Companies........................................................... 125 Buying Into International Markets........................................................... 127 Overseas Operations.................................................................................128 Creating More Partnerships......................................................................129 Chapter 14. Bringing Foreigners In............................................................. 131 Trade Fairs................................................................................................131 Industrial Parks.........................................................................................134 Foreign Acquisitions................................................................................ 135 Part IV. China's Reform at Home: The Unfinished Task......................137 Chapter 15. Problems Outpacing Solutions................................................. 140 The Ownership Issue................................................................................ 140 State Assets and Death on the Nile.......................................................... 141 "Two Pockets of the Same Jacket"...........................................................143 Lack of Weapons and True Owners.........................................................144 Chapter 16. How Can a Man Still Wear Baby Clothes?..............................147 Credit Crisis and Banking Problems........................................................ 147 The Richest Man in Shanghai.................................................................. 148 Corruptive Partnerships............................................................................149 Chapter 17. Crises of State Sector............................................................... 151 Rapid Changes in the Managerial Class...................................................151 Hiring Foreign Managers......................................................................... 152 Long Live Competition!........................................................................... 153 Reform Difficulties.................................................................................. 155 Painful Layoffs.........................................................................................157 Government Trimming.............................................................................158 Chapter 18. When Can China Achieve Meaningful Restructuring?............ 160 A Saturated Market.................................................................................. 160 Difficulties for a Rational Order.............................................................. 160 The CEO in China and Elsewhere............................................................163 Who Is Responsible for Wealth Creation?............................................... 164 Buying Parties Ready?.............................................................................. 165 Need for Greater Determination.............................................................. 166 Chapter 19. Employment Traps................................................................... 168 Resident Permits.......................................................................................168 Lives of the Migrants............................................................................... 170 Employment Difficulties for Other Groups............................................. 174 Death of a College Graduate.................................................................... 175 Chapter 20. Bureaucratic Tails.....................................................................177 Tails Everywhere......................................................................................177 Lucky International Players..................................................................... 179 "The Red Building".................................................................................. 181 George Zhibin Gu Part V. Globalization in Light of History.................................................185 Chapter 21. An Unbroken Circle?................................................................ 188 The British Isles as a Global Center......................................................... 188 China's Missed Opportunities................................................................... 190 The U.S. Way: Dumping Losers...............................................................191 Expansion and Wealth Creation, Past and Present................................... 191 Chapter 22. Universal Companies and Global Expansion............................198 Bigger and Bigger Multinationals.............................................................198 First Strategy: A Strong Home Base........................................................ 199 Second Strategy: Creating a New Form of Dominance........................... 201 Third Strategy: A True Global Reach.......................................................202 China's Participation in the World Economy............................................203 Chapter 23. More on the Circle.................................................................... 205 Who Has Affected Globalization the Most?.............................................205 First Factor: Japan's Global Reach and Retreat........................................ 205 What Is Going On in Tokyo?.................................................................... 206 South Korea: Glories and Bubbles............................................................211 Second Factor: Asia's Financial Crisis..................................................... 214 Third Factor: The World Trade Organization.......................................... 215 Unexpected Developments....................................................................... 216 Global Development Orbit........................................................................217 Chapter 24. How Does China Achieve Sustained Growth?.......................... 218 A Great Paradox........................................................................................218 Effective Government, Different Role..................................................... 219 The Big Picture......................................................................................... 220 A New Model............................................................................................222 Getting Out of the Box..............................................................................225 A New World Order..................................................................................226 A Great Convergence................................................................................227 Afterword. China, United States and Global Development......................... 230 Global Interdependence............................................................................ 230 Inequality.................................................................................................. 232 China's Challenges.................................................................................... 234 Notes............................................................................................................. 236 About the Author.......................................................................................... 249

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