China goes global : how China's overseas investment is transforming its business enterprises

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. Cover 1 Title 6 Copyrights 7 Contents 8 List of Figures 10 List of Tables 11 Foreword: Upgrading Chinese Business Enterprise Globalization 12 Acknowledgments 16 About the Authors 17 1 Scholarly Context of This Book 19 The secondary literature on Chinese outbound investment and this book 20 Unique features of this study of Chinese foreign direct investment 26 Plan of this book 28 2 Overview of Chinese Enterprise Globalization 29 Background 29 The present situation and features of global FDI 38 Current situation and characteristics of Chinese enterprise globalization 42 Problems in the globalization of Chinese enterprises 60 Suggestions for promoting the globalization of Chinese enterprises 66 Conclusion 72 3 Ten Strategies for Chinese Companies Going Global 74 Introduction 74 Analysis of environmental factors 74 Ten strategies for Chinese companies going global 76 Summary 87 4 Evaluation System and Rankings 88 Theoretical research on evaluating globalization of Chinese enterprises 89 Evaluation system for Chinese enterprises’ globalization 93 Weighting of each factor 97 Conclusion 100 5 CCG Recommended Rankings on Chinese Companies Going Global 102 Top 50 list of Chinese firms going global: established globalizing companies 102 China’s top 10 globalization performances (2012–2013) 111 Top 10 cross-border M&A by Chinese enterprises 112 Top 50 overseas-listed Chinese companies (2013–2014) 115 Chinese top 50 new globalizing enterprises 121 Top globalizing Chinese enterprises: overall summary and trends 127 Case studies of Chinese top 50 new globalizing enterprises 133 Appendix: M&A activity among the top 10 Chinese firms undertaking transnational M&A 155 6 “Going Global Strategy” and Global Talent 162 The current situation and problems for Chinese enterprises in “going global” 162 Situation and causes for the global talent shortage affecting Chinese enterprises investing abroad 163 Insufficient understanding of the role of global talent in transnational business operations 165 Advice on how to train and introduce global talent 167 7 Challenges and Strategies of “Going Global” 171 Challenges faced by main Chinese ODI and possible measures for overcoming them 171 Challenges faced by the Chinese ODI and measures for overcoming them: a regional perspective 175 Other challenges and countermeasures in Chinese overseas M&A 181 8 One Belt, One Road and Future Directions for Chinese Outbound Investment 190 “One Belt, One Road” and China’s growing role in global economic governance 190 Impact on Chinese outbound investment 195 Risks and countermeasures 200 Appendices : Statistical Overview and Analysis of Chinese Outbound Foreign Direct Investment 205 China Enterprise Foreign Investment Cases (2012.1–2014.6) 212 Notes 330 Index 344 Front Matter....Pages i-xvii Scholarly Context of This Book....Pages 1-10 Overview of Chinese Enterprise Globalization....Pages 11-55 Ten Strategies for Chinese Companies Going Global....Pages 56-69 Evaluation System and Rankings....Pages 70-83 CCG Recommended Rankings on Chinese Companies Going Global....Pages 84-143 “Going Global Strategy” and Global Talent....Pages 144-152 Challenges and Strategies of “Going Global”....Pages 153-171 One Belt, One Road and Future Directions for Chinese Outbound Investment....Pages 172-186 Back Matter....Pages 187-340