Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Chinas Expanding Role In Global Mergers And Acquisitions Markets
Download Chinas Expanding Role In Global Mergers And Acquisitions Markets full books in PDF, epub, and Kindle. Read online Chinas Expanding Role In Global Mergers And Acquisitions Markets ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis China’s Expanding Role in Global Mergers and Acquisitions Markets by : Charles Wolf, Jr.
Download or read book China’s Expanding Role in Global Mergers and Acquisitions Markets written by Charles Wolf, Jr. and published by RAND Corporation. This book was released on 2011-11-22 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors evaluate the risks and benefits of increased Chinese foreign investment, aiming to improve understanding of its investment patterns and strategy. They consider how U.S. national security might be compromised as well as how the United States and China can benefit from such investment, providing a way to assess national security risks and benefits and examining Chinese investment patterns in both the United States and elsewhere.
Book Synopsis Mergers and Acquisitions in China (with Special Focus on the Financial Industry) by : Hannes Mungenast
Download or read book Mergers and Acquisitions in China (with Special Focus on the Financial Industry) written by Hannes Mungenast and published by GRIN Verlag. This book was released on 2007-08 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2007 in the subject South Asian Studies, South-Eastern Asian Studies, grade: 87, Dongbei University of Finance and Economics (School of International Business), course: Chinese Financial System, 31 entries in the bibliography, language: English, abstract: China is a fast growing economy. Therefore a lot of companies intend to enter this market. Mergers & Acquisitions (M&A) are a useful tool to do so. First of all, it is important to understand the key principles of M&A. Therefore chapter 2 gives a summary of the most important aspects of mergers and acquisitions in general. Chapter 3 gives an introduction to the Chinese M&A market. It will deal with statistics concerning inbound and outbound deals, FDI and an overview of M&A advisory and investment banks. Chapter 4 will focus on the current situation of M&A activity and foreign direct investment (FDI) in China. FDI is another method for entering a market and is a competing tool to M&A. It will also present some examples of M&A where Chinese companies were involved. Chapter 5 deals with the importance of the stock market for M&A activity. After that, the most important aspects of M&A activities in the Chinese financial industry will be shown. First, an overview of the banking industry in China will be presented and the problems will be shown. After presenting the reasons for foreign companies to enter the Chinese financial market, the M&A activities in that sector will be shown and evaluated.
Book Synopsis Mergers and Acquisitions and Takeovers in China by : Cristiano Rizzi
Download or read book Mergers and Acquisitions and Takeovers in China written by Cristiano Rizzi and published by Kluwer Law International B.V.. This book was released on 2012-07-01 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: This hugely informative book - unique in its overarching emphasis on the laws governing M&As and takeovers in China - not only shows those interested in investing in China how to avoid legal mistakes and miscalculations. In addition to offering singular interpretive analysis of strictly legal matters, the authors concentrate extensively on the all-important cultural and environmental factors that can make business in China daunting for the uninitiated. Extending this double emphasis on cultural understanding and M&A and takeover expertise, the authors clearly explain such elements of how to enter the Chinese market (or expand a presence in it) as the following: concepts of guanxi and mienzi; understanding China’s rising middle class; valuation of state-owned assets; maximum permitted debt-to-equity ratios; key PRC government agencies involved in the approval of transactions; taxation framework for enterprise restructuring in China; employees as an asset; share swaps; prohibited trading activities when acquiring a listed company; legal framework for dispute resolution; administrative proceedings; liabilities for breach of contract; and responding to intellectual property rights abuse. The authors provide precise details on the characteristics of, and procedures involved in, the wide range of investment options available in China, with knowledgeable guidance on the choice of investment options and protection of investor interests. Because China is clearly a major global economic force and will continue to be so in the foreseeable future, this thorough but down-to earth guide is of immeasurable practical value to foreign investors of every kind, from multinational corporations to individual venture capitalists.
Book Synopsis Mergers and Acquisitions in China by : Jianxun Chen
Download or read book Mergers and Acquisitions in China written by Jianxun Chen and published by Edward Elgar Publishing. This book was released on 2008-01-01 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses cross-border mergers and acquisitions (M & A) by Chinese companies, mainly to clarify their strategies and the effect of their M & A at an international level. This book is suitable for multinational enterprise managers, brokers, dealers and investors.
Book Synopsis China's Global Reach by : George Zhibin Gu
Download or read book China's Global Reach written by George Zhibin Gu and published by Fultus Corporation. This book was released on 2006 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's new economic surge is a surprise to all, but this ancient land remains a myth to both foreigners and Chinese. Get the inside story from a Chinese journalist/consultant about China's business, society, and politics under globalization and capitalism. This revised volume gives an insider's analysis on what's behind China's surge and its implications to the world. It covers key global issues such as manufacturing and job transfers, Chinese multinationals vs. global giants, and changing production, trade and investment trends, as well as evolving international relations."China's Global Reach" explores:- The ever-increasing influence of foreign multinationals (15 plus case studies);- National and business competition;- The ever-expanding power of Chinese multinationals (15 plus case studies);- Global job and manufacturing transfers;- The rise of Chinese consumers vs. opportunities;- China's political-economic reform;- Changing global production and economic map;- Comparative studies on China, US, Europe, Japan and India;- Evolving international relations;- Convergent movement of global civilizations; and- And more - including an afterword by Andre Gunder Frank!"China's Global Reach: Markets, Multinationals, and Globalization" is a straightforward and timely analysis of a changing world in relation to a fast-developing China. It is a book perfect for professionals, investors, policy makers, educators, and students, as well as for anyone who questions how the world will move ahead to the next stages.ReviewsJames Borton, China Venture News:"Must read for all businessmen going to China."William Ratliff, Hoover Fellow at Stanford University:"Five Stars."Dr. Paul Close, Centre for the Study of Globalization and Regionalization, University of Warwick, UK:"Very insightful... valuable information, analysis and argument of interest ... for readers of whatever kind ...should be on all bookshelves."Ronald Hilton, Hoover Fellow at Stanford University; President, World Association of International Studies:"It takes up history of globalization ... together with Afterword by Andre Gunder Frank ... fits our Learning History Project."Contemporary History Association:"This book suggests that a new global power balance will emerge gradually and most likely indirectly."
Book Synopsis Regulation of Foreign Mergers and Acquisitions Involving Listed Companies in the People's Republic of China by : Lusong Zhang
Download or read book Regulation of Foreign Mergers and Acquisitions Involving Listed Companies in the People's Republic of China written by Lusong Zhang and published by . This book was released on 2017-01-27 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation, "Regulation of Foreign Mergers and Acquisitions Involving Listed Companies in the People's Republic of China" by Lusong, Zhang, 張露松, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: Abstract of thesis entitled Regulation of Foreign Mergers and Acquisitions Involving Listed Companies in the People's Republic of China Submitted by ZHANG Lusong for the degree of Doctor of Philosophy at The University of Hong Kong in June 2006 Due to its advantages in enabling transnational corporations (TNCs) to make full use of existing domestic productive forces and markets and thus being conducive to cost-savings in entering a host country, mergers and acquisitions (M&As) are often preferred by TNCs in pursuing investment in a foreign market worldwide. However, China's foreign M&A market does not flourish despite its high level of foreign direct investment (FDI) inflows. For a variety of reasons, China should promote the growth of its foreign M&A market. In fact, foreign M&A involving listed companies is increasing in China due to the potential of its domestic market and its desire to integrate itself into the global economy (evidenced recently by China's accession to the WTO). In this situation, the regulation of foreign M&A involving listed companies is an increasingly important consideration in the country. To appropriately encourage and support foreign M&A, China needs to improve its legal environment. In order to do so, certain policy questions must be addressed first. The writer argues that for a socialist country that practiced a centrally planned economy for several decades and that has determined to develop a market economy, in which M&A is a typical business activity, the Chinese government must in the first place separate its two roles of regulator and representative of state ownership due to the fact that the state is the largest shareholder in the majority of listed companies. In other words, the government should avoid utilizing its administrative power in exercising shareholder rights in enterprises. China should further diversify the mode of exercise of state ownership and reduce its control over competitive industries. At the same time, the state should refrain from unnecessary intervention in the market and make every effort to support and encourage the due function of market mechanisms. Moreover, China needs to change its FDI policy from adopting both favorable treatment and strict controls to national treatment of foreign investors in the context of M&A. In improving its legal system for foreign M&A on the basis of the above policy adjustments, China needs to pay special attention to four aspects: state assets administration, antitrust regulation, enhancement of corporate and securities regimes, and foreign investment control. When doing so, China should base the legal system upon its own social and economic characteristics and at the same time learn from other jurisdictions' experiences. DOI: 10.5353/th_b3719050 Subjects: Consolidation and merger of corporations - Law and legislation - China Consolidation and merger of corporations - China Corporations, Foreign - China Investments, Foreign - China
Book Synopsis The Role of State-Owned Enterprises in Chinese Cross-Border Mergers & Acquisitions by : Kim Bui
Download or read book The Role of State-Owned Enterprises in Chinese Cross-Border Mergers & Acquisitions written by Kim Bui and published by . This book was released on 2019 with total page 518 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cross-border mergers and acquisitions (M&As) by Chinese enterprises have played a crucial role in China's expansion in the global economy. Thanks to the impressive internationalization of Chinese enterprises, China has become a major player in the world's cross-border M&A market. Although there has been a growing body of research investigating the motivations for Chinese cross-border M&A, most studies have overlooked the China-specific mechanism of cross-border M&As undertaken by its state-owned enterprises (SOEs). This thesis aims to fill this important gap. Building on a political economy analysis, descriptive data exploration, and in-depth elite interviews with an emphasis on the institutional perspective, this thesis contributes to existing research by providing a new framework for conceptualizing the role of the informal and formal institutions in shaping the specific features of Chinese SOEs' cross-border M&As. This thesis reveals a number of important findings. First, the political economy analysis highlights the concept of national rejuvenation as the key element of China's informal institution. This informal objective has been formally institutionalized and can be observed through national policies and regulation. Second, the descriptive data analysis shows evidence of the directive from the state on the regional and industrial distribution of cross-border M&As by Chinese SOEs. Third, the in-depth interviews with China M&A experts confirm the top-down command where the objective of national rejuvenation is to be pursued by SOEs and SOE managers through cross-border M&As. The informal objective of national rejuvenation has been institutionalized, and through formal control mechanisms the state ensures that the objective of national rejuvenation is collectively shared among the state, SOEs, and SOE managers. The policy implications derived from this research reveal, the state implemented systems to regulate cross-border M&A activities that SOEs and SOE managers are expected to closely follow can be simplified to increase efficiency. The number of bureaucratic formalities can be reduced, as well as streamlining the M&A process, and delegating greater autonomy to SOEs and SOE managers.
Book Synopsis Regulation of Foreign Mergers and Acquisitions Involving Listed Companies in the People's Republic of China by : Lusong Zhang
Download or read book Regulation of Foreign Mergers and Acquisitions Involving Listed Companies in the People's Republic of China written by Lusong Zhang and published by . This book was released on 2007 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since its accession to the World Trade Organization (WTO), China has undertaken stronger initiatives toward adapting its legal system to support the development of a market-oriented economy. However, in this important new study the author contends that Chinaand’s steps in this direction are not sufficient. Although barriers to merger and acquisition (Mand&A) targeting of state-owned enterprises (SOEs) have been significantly reduced, excessive administrative intervention continues to discourage foreign Mand&Ainvolving domestic listed companies. This book proposes changes in Chinese law, including a new full-scale regulatory scheme, which would enhance and expand such foreign direct investment. The discussion proceeds from the perspectives of company law, securities law, antimonopoly law, and foreign investment law. Based on the analysis of the market situation and policy background in China, and on a comparison among the relevant aspects of the legal systems of China and other jurisdictions, the book addresses the Chinese legal system for foreign Mandamp;A involving listed companies, including its policy support. The analysis highlights such aspects as the following: and• features and structures of the current Chinese foreign Mandamp;A market; and• China's state-owned enterprise reform and• functions of the Chinese stock market; and• Chinese foreign investment policy; and• components of the Chinese legal system specific to foreign Mand&A; and and• comparative studies of foreign Mandamp;A regulation and experience (US, EU, UK, and Russia) and what may be useful in each for China. The authorand’s detailed recommendations for the improvement of the Chinese legal system primarily concern the regime of state ownership exercise, the establishment of an antitrust scheme, the improvement in the regulation of corporate takeovers, and national treatment of foreign investors under the WTO system. This is in every way a ground-breaking contribution to the literature of international trade law. The authorand’s deeply informed and cogent analysis will be of immeasurable value to policy makers and academics across a range of fields, and the bookand’s practical value to business persons everywhere with an eye on China cannot be overestimated.
Book Synopsis Mergers & Acquisitions And Partnerships In China by : Olivier Coispeau
Download or read book Mergers & Acquisitions And Partnerships In China written by Olivier Coispeau and published by World Scientific. This book was released on 2015-03-23 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mergers & Acquisitions and Partnerships in China provides a fast and accessible framework to external growth in China, and is an attempt to accurately describe the main operative conditions and in particular the most common pitfalls for foreign businessmen. The business cases in this book illustrate real business situations, including different outcomes and a thorough analysis of the reasons for success or failure of the case. The authors provide all the necessary tools to better master the negotiation and transaction process, and provide in particular, detailed explanation on the due diligence process and the regulatory framework to help readers successfully lead acquisitions in China. Written by well-known experts in finance, law, and management, who all have deep business knowledge of China, the book aims to help practitioners, such as law firms, audit and advisory firms, and entrepreneurs to start or grow their businesses in China through successful partnerships, and acquisitions and mergers by explaining how these aspects are regulated by a complex web of laws, regulatory, and political practices in a context where the state plays a key role in the approval of important transactions.
Book Synopsis MERGER AND INTEGRATION OF COMMERCIAL BANKS -INTERNATIONAL EXPERIENCE AND ITS IMPLICATIONS FOR CHINA by : Xiaojian Ren
Download or read book MERGER AND INTEGRATION OF COMMERCIAL BANKS -INTERNATIONAL EXPERIENCE AND ITS IMPLICATIONS FOR CHINA written by Xiaojian Ren and published by . This book was released on 2021 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 1990s, the mergers and acquisitions (M&A) of commercial banks have been at a climax throughout the world, and the mode of M&A has been accepted by western countries, bringing new opportunities for the development of the banking industry. In a majority of the countries of the world, the banking industry is involved in a wave of economic M&A. Developed countries, such as the United States and those in Europe, have made significant gains through mergers and reorganizations of commercial banks, whetting the appetite of many developing countries' commercial banks to become involved in such activities.In the 21st century, through the development of the world economy and the bank and its special position in this economy, its development model has attracted significant attention. Banks will struggle to maintain their profits as the global economy slows and credit risks increase. China's interest rate liberalization is a major challenge that commercial banks are faced with, including the arduous task of smoothly adapting to the change. The banking industry contains countless bodies, and the business scope is homogenized. Moreover, fierce market competition constantly increases the management pressure in the banking industry. M&A activities have become the strategic choice of many banks. With the widening and deepening of the opening-up and competition degree of China's financial market, domestic banks are continuously penetrated by foreign capital and are facing great challenges, and the inherent desire of M&A is constantly presented. Compared with European and American commercial banks, the commercial banks in China are in a special situation: weak market competition, too much government intervention, more M&A aimed at preventing regional financial risks, and fewer M&A cases due to the requirements and motivations of commercial banks in the M&A activities. The growth mode of commercial banks includes an endogenous growth model of self-accumulation and a leapfrog growth mode of equity acquisition. Until now, western commercial banks have experienced five waves of M&A activity. The development and expansion of internationally active banks are usually inseparable from equity M&A. M&A activities have become important to international commercial banks seeking to realize leapfrog growth. After reforming, listing, and expanding its capital strength, China's commercial banking industry is actively attempting to realize leapfrog growth through equity M&A. These banks are also gradually transitioning from an endogenous growth mode relying on internal accumulation to a growth mode valuing both endogenous growth and leapfrog development through and external M&A activities. This paper summarizes the rules of the development and expansion of foreign commercial banks through strategic M&A activity by using a systematic analysis of the five waves of international commercial banks' M&A activity. This paper then puts forward the strategies of China's commercial banks as related to strategic M&A activities. Taking the acquisition of Shenzhen Development Bank (hereinafter referred to as SDB) by Ping An Insurance (Group) Company of China (hereinafter referred to as "Ping An Group" or "Ping An") as an example, this paper summarizes the background, motivation and process of the M&A of both parties, and focuses on the analysis of synergies after the M&A. Through analysis, this paper finds that all indicators of the two companies have obvious synergies, and Ping An Group, the leading party, has been significantly improved in terms of operation, finance, corporate culture and management after merger and reorganization. To study the efficiency of M&A, this paper takes M&A of Wing Lung Bank by China Merchants Bank's as a case, and draws a conclusion and summarizes the suggestions of Chinese banks to improve the efficiency of merger and acquisition through empirical analysis, case study and other methods. Based on Ping An Group's acquisition of SDB, this paper puts forward recommendations for the merger activity undertaken by China's commercial banks at the end of the paper. These recommendations consider future M&A trends in China's banking industry, the strategic choice related to future M&A activities, and the role of the government in mergers and reorganizations, particularly related to relevant policy formulations, regulatory coordination, the role that control plays, and so on. The objective of this paper is twofold. First, this paper analyzes the current competitive pattern of China's commercial banking industry and at the same time studies the development process and M&A history of the American and overseas banking industry to demonstrate the M&A opportunities in China's commercial banking industry. Second, this paper uses a case study to discuss the M&A strategy, synergistic effects, and M&A efficiency of Chinese commercial banks. Key Words: M&A strategy, Synergistic effect, M&A performance.
Book Synopsis Chinese Acquisitions in Developed Countries by : Alessandra Vecchi
Download or read book Chinese Acquisitions in Developed Countries written by Alessandra Vecchi and published by Springer. This book was released on 2019-01-16 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book assesses Chinese acquisitions in developed countries, evaluates the drivers and opportunities and, above all, explores the major operational challenges. It discusses topics such as cross-cultural issues, integration strategies, risk and resilience, the influence of emerging technologies, servitization, impacts on reshoring, corporate social responsibility, branding strategies, knowledge management, and transfer of best practices. While emerging market multinational corporations’ (EMNCs) use of mergers and acquisitions as a strategic vehicle has received considerable attention, much less is known about their post-entry activities, such as the implementation of post-acquisition and integration strategies. It can be expected that, compared with their Western counterparts, EMNCs will face radically different challenges that may undermine the success of their products, brands and marketing. Addressing these issues by means of a case study approach, this book is an ideal teaching resource for a variety of courses at both undergraduate and postgraduate level. It also appeals to academics, researchers, and practitioners with a keen interest in manufacturing industry.
Book Synopsis Chinese Investment in Latin America: Sectoral Complementarity and the Impact of China’s Rebalancing by : Ding Ding
Download or read book Chinese Investment in Latin America: Sectoral Complementarity and the Impact of China’s Rebalancing written by Ding Ding and published by International Monetary Fund. This book was released on 2021-06-07 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last decade China’s investment in Latin America and the Caribbean (LAC) has increased substantially in volume and become more diversified from natural resources to other industries. Using cross-border mergers and acquisitions data, we demonstrate that since mid-2010s China’s overseas investment has tilted toward sectors where China has a comparative advantage in the global markets, a trend similar to that of other major foreign direct investment (FDI) source countries. Moreover, China’s rising overseas investment can be linked to the rebalancing of Chinese economy, and LAC stands to benefit from its complementarity vis-à-vis China in sectors where the rising Chinese overseas investment can be met with LAC’s own investment gaps. The COVID-19 pandemic could have a long-lasting impact on global value chains and FDI flows, which poses both challenges and opportunities to LAC in attracting FDI, including from China, to support the region’s long-run economic development.
Download or read book China Goes Global written by Huiyao Wang and published by Springer. This book was released on 2016-04-08 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis China Goes Global by : David Shambaugh
Download or read book China Goes Global written by David Shambaugh and published by Oxford University Press. This book was released on 2013-01-18 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most global citizens are well aware of the explosive growth of the Chinese economy. Indeed, China has famously become the "workshop of the world." Yet, while China watchers have shed much light on the country's internal dynamics--China's politics, its vast social changes, and its economic development--few have focused on how this increasingly powerful nation has become more active and assertive throughout the world. In China Goes Global, eminent China scholar David Shambaugh delivers the book that many have been waiting for--a sweeping account of China's growing prominence on the international stage. Thirty years ago, China's role in global affairs beyond its immediate East Asian periphery was decidedly minor and it had little geostrategic power. Today however, China's expanding economic power has allowed it to extend its reach virtually everywhere--from mineral mines in Africa, to currency markets in the West, to oilfields in the Middle East, to agribusiness in Latin America, to the factories of East Asia. Shambaugh offers an enlightening look into the manifestations of China's global presence: its extensive commercial footprint, its growing military power, its increasing cultural influence or "soft power," its diplomatic activity, and its new prominence in global governance institutions. But Shambaugh is no alarmist. In this balanced and well-researched volume, he argues that China's global presence is more broad than deep and that China still lacks the influence befitting a major world power--what he terms a "partial power." He draws on his decades of China-watching and his deep knowledge of the subject, and exploits a wide variety of previously untapped sources, to shed valuable light on China's current and future roles in world affairs.
Book Synopsis After Globalization by : Robert K. Schaeffer
Download or read book After Globalization written by Robert K. Schaeffer and published by Routledge. This book was released on 2021-09-20 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 1980s, U.S. officials adopted tax and monetary policies that channeled huge new resources into Wall Street, which fueled a stock market boom. To increase profits and payouts to investors as stock prices soared, corporate managers consolidated businesses, outsourced manufacturing to low-wage countries, and adopted new technologies to increase productivity. Government officials then facilitated mergers and negotiated free trade agreements to speed the process of globalization. Wall Street became an engine of capital accumulation and a force for global change. These developments resulted in massive job losses and stagnant wages for most Americans. Meanwhile, tax cuts and the stock market boom created vast new wealth for the rich, and the top 10 percent seized 50 percent of all income in the United States. The result was growing economic inequality. During the decades that followed, globalization triggered regional economic crises, toppled governments, transformed societies, galvanized economic development in China, and created new forms of wealth and inequality around the world. Then in 2008, a financial crisis rooted in Wall Street triggered the Great Recession, wrecked the legitimacy of globalization as a development strategy, and unleashed populist or "restrictionist" social movements and political parties that challenged globalization and attacked its economic and political foundations. This book examines the origins of globalization in the 1980s, the developments that triggered the Great Recession, and the political and economic forces that contributed to the disintegration of globalization as a force for change in the modern world. After Globalization explains what happened—and what comes next.
Book Synopsis The Belt Road and Beyond by : Min Ye
Download or read book The Belt Road and Beyond written by Min Ye and published by Cambridge University Press. This book was released on 2020-03-05 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: This investigation uses state-mobilized globalization as a framework to understand China's capitalism and emergence as a global power.
Book Synopsis Is China Buying the World? by : Peter Nolan
Download or read book Is China Buying the World? written by Peter Nolan and published by John Wiley & Sons. This book was released on 2013-04-30 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: China has become the world's second biggest economy and its largest exporter. It possesses the world's largest foreign exchange reserves and has 29 companies in the FT 500 list of the world's largest companies. ‘China's Rise' preoccupies the global media, which regularly carry articles suggesting that it is using its financial resources to ‘buy the world'. Is there any truth to this idea? Or is this just scaremongering by Western commentators who have little interest in a balanced presentation of China's role in the global political economy? In this short book Peter Nolan - one of the leading international experts on China and the global economy - probes behind the media rhetoric and shows that the idea that China is buying the world is a myth. Since the 1970s the global business revolution has resulted in an unprecedented degree of industrial concentration. Giant firms from high income countries with leading technologies and brands have greatly increased their investments in developing countries, with China at the forefront. Multinational companies account for over two-thirds of China's high technology output and over ninety percent of its high technology exports. Global firms are deep inside the Chinese business system and are pressing China hard to be permitted to increase their presence without restraints. By contrast, Chinese firms have a negligible presence in the high-income countries - in other words, we are ‘inside them' but they are not yet ‘inside us'. China's 70-odd ‘national champion' firms are protected by the government through state ownership and other support measures. They are in industries such as banking, metals, mining, oil, power, construction, transport, and telecommunications, which tend to make use of high technology products rather than produce these products themselves. Their growth has been based on the rapidly growing home market. China has been unsuccessful so far in its efforts to nurture a group of globally competitive firms with leading global technologies and brands. Whether it will be successful in the future is an open question. This balanced analysis replaces rhetoric with evidence and argument. It provides a much-needed perspective on current debates about China's growing power and it will contribute to a constructive dialogue between China and the West.
