GLOBAL BIG BUSINESS AND THE CHINESE BREWING INDUSTRY (Routledge Studies on the Chinese Economy)

from The 1970s To The 1990s, China Implemented A Wide Array Of Industrial Policies To Build Up Indigenous Big Business Groups In Their Attempts To ‘catch-up’ With The Industries Of The Developed World. With Its Entry Into The Wto, China Is Under Huge Pressure To Pursue The Market-friendly Policies Advocated By The Advanced Economies. This Is The First Book In English That Applies The Theories Of Big Business, Catch-up And State Intervention To The Chinese Brewing Industry. having Gathered First-hand Research In China, Yuantao Guo Analyzes The Relationship Between Big Business, Competition And State Intervention In The Context Of Developing Economies, Demonstrating The Implications Of The Industrial Concentration And Value Chain Integration Of The Global Big Business Revolution For Catch-up By Developing World Industries, Considering To What Extent State Intervention Can Allow Them To Meet The Competitive Challenge. Examining These Themes In Relation To The Chinese Brewing Industry, Yuantao Guo Uses Detailed Case Studies Of The Yanjing And Tsingtao Breweries In Order To Detail The Struggles That Chinese Brewers Have Faced. This Book Makes A Significant Contribution To Modern Day Discussions On Globalization. This Book Considers The Impact Of Global Big Business On The Prospects For The Development Of Their Indigenous Rivals In The Developing World, With Particular Focus On The Chinese Brewing Industry. It Analyses The Relationship Between Big Business, Competition And State Intervention In The Context Of Developing Economies, Demonstrating The Implications Of The Industrial Concentration And Value Chain Integration Of The Global Big Business Revolution For Catch-up By Developing World Industries, And Considering To What Extent, And In What Manner, State Intervention Can Allow Them To Meet The Competitive Challenge. It Goes On To Examine These Themes In Relation To The Chinese Brewing Industry, Demonstrating The Substantial Competitive Advantages Possessed By The Giant Global Brewers, And That Therefore The Burning Issue Facing Their Indigenous Rivals Is Not 'going Global' But Securing Their Backyard In The Face Of Aggressive Foreign Penetration. It Includes Detailed Case Studies Of The Endeavours Of The Yanjing And Tsingtao Breweries To Catch Up And Respond To The Global Business Revolution. It Is Argued That A Policy Of Continuous State Intervention Is Necessary To Promote Catch-up, Suggesting That If The Chinese Government Retracts Its Support Then Many Of The Achievements Of Industrial Policy Over The Past Few Decades May Go To Ruin.--book Jacket. Big Business And Competition -- The Global Big Business Challenge And Catch-up -- State Intervention -- The Global Brewing Industry -- Industrial Policies On The Chinese Brewing Industry -- The Chinese Brewing Industry -- The Catch-up Of Tsingtao Brewery -- The Catch-up Of Yanjing Brewery. Yuantao Guo. Includes Bibliographical References (p. [200]-209) And Index. "This book considers the impact of global big business on the prospects for the development of their indigenous rivals in the developing world, with particular focus on the Chinese brewing industry. It analyses the relationship between big business, competition and state intervention in the context of developing economies, demonstrating the implications of the industrial concentration and value chain integration of the global big business revolution for catch-up by developing world industries, and considering to what extent, and in what manner, state intervention can allow them to meet the competitive challenge. It goes on to examine these themes in relation to the Chinese brewing industry, demonstrating the substantial competitive advantages possessed by the giant global brewers, and that therefore the burning issue facing their indigenous rivals is not 'going global' but securing their backyard in the face of aggressive foreign penetration." "It includes detailed case studies of the endeavours of the Yanjing and Tsingtao Breweries to catch up and respond to the global business revolution. It is argued that a policy of continuous state intervention is necessary to promote catch-up, suggesting that if the Chinese government retracts its support then many of the achievements of industrial policy over the past few decades may go to ruin."--Résumé de l'éditeur Book Cover......Page 1 Half-Title......Page 2 Series-Title......Page 3 Title......Page 6 Copyright......Page 7 Dedication......Page 8 Contents......Page 10 List of Figures......Page 12 List of Tables......Page 13 Preface......Page 14 Acknowledgements......Page 15 Abbreviations......Page 16 Introduction......Page 20 1. Big business and competition......Page 26 2. The global big business challenge and catch-up......Page 39 3. State intervention......Page 49 4. The global brewing industry......Page 56 5. Industrial policies on the Chinese brewing industry......Page 70 6. The Chinese brewing industry......Page 85 7. The catch-up of Tsingtao Brewery......Page 105 8. The catch-up of Yanjing Brewery......Page 155 Conclusions......Page 193 Appendices......Page 200 Appendix 1: Concentration in major beer markets......Page 201 Appendix 2: China’s beer production, 1949 to 2003......Page 204 Appendix 3: Geographical presence of China’s beer production, 2003......Page 206 Appendix 4: Historical performance of Tsingtao Brewery, 1950 to 2003......Page 207 Appendix 5: A snapshot of Tsingtao’s key figures, 1993 to 2003......Page 209 Appendix 6: Tsingtao’s acquisitions, 1999 to 2003......Page 210 Appendix 7: The most famous Chinese brands, 2003......Page 213 Notes......Page 214 Bibliography......Page 219 Index......Page 229 Contributing to modern day discussions on globalization, this book is the first book in English that applies the theories of big business, catch up and state intervention to the Chinese brewing industry