China's Emerging Global Businesses

China is well-known as the largest recipient of foreign direct investment among developing countries. Little is known so far of the fact that China has become (quietly) one of the most significant third world investors in the global economy. This book traces the evolutionary path of China's outward investment activities and examines the political economy of the rapid rise of China's global businesses in the context of the economic reforms since 1978. The analysis of changing policy regimes for China's outward investment is complemented by detailed investigations of the rise and operation of three pioneering Chinese multinationals to illustrate this new thrust of China's engagement with the global economy. China's global reach examined in this study explores issues concerning China's creative responses to globalisation and the processes through which China his becoming a globalised state. The first ever book-length study of China's global investment activities, this book fills a significant gap in the literature on China's economic transformation and the rise of multinational corporations from developing countries.

Autorentext
YONGJIN ZHANG is Associate Professor at the University of Auckland, New Zealand. He has previously held research posts at both Oxford University and the Australian National University. His most recent publications include China in International Society since 1949 and Power and Responsibility in Chinese Foreign Policy.

Zusammenfassung
China's global reach examined in this study explores issues concerning China's creative responses to globalisation and the processes through which China his becoming a globalised state.

Inhalt
Acknowledgements List of Abbreviations List of Tables List of Figures Introduction PART I: REVISITING THE ECONOMIC INTERNATIONALIZATION OF CHINA Economic Reform and Internationalization The Internationalization of the Chinese Economy: Empirical Evidence PART II: POLITICAL ECONOMY OF CHINA'S EMERGING MULTINATIONALS Towards Transnationalization of Chinese Firms: Policies and Debates China's Multinational Corporations: Then and Now PART III: THE TRANSNATIONALIZATION OF CHINESE FIRMS: INSTITUTIONAL INVESTIGATIONS CITIC: A Pioneer of China's Multinationals Sinochem: Global Reach Shougang: Going Transnational Conclusion Bibliography Index