Skip to main content Accessibility help

We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.

Close cookie message
×
Hostname: page-component-cd9895bd7-gvvz8 Total loading time: 0 Render date: 2024-12-25T16:37:20.616Z Has data issue: false hasContentIssue false

10 - Holistic Conclusion through a Futuristic Lens

Published online by Cambridge University Press:  05 February 2020

David K. Tse  and
Kineta Hung
David K. Tse
Affiliation:
The University of Hong Kong
Kineta Hung
Affiliation:
Hong Kong Baptist University
Get access

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

affordable innovationSpringboard ModelEffectual Modelrelationship with home governmentrelationship with host governmentBelt-and-Road Initiative (BRI)
Type
Chapter
Information
Dynamic Growth of Chinese Firms in the Global Market
Challenges, Strategies and Implications
 , pp. 193 - 214
Publisher: Cambridge University Press
Print publication year: 2020

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

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

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×