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Growth of Made-in-China Multinationals: An Institutional and Historical Perspective

Yang, Xiaohua & Stoltenbery, Clyde (2008) Growth of Made-in-China Multinationals: An Institutional and Historical Perspective. In Alon, Ilan & McIntyre, John (Eds.) Globalization of Chinese Enterprises. Palgrave Macmillan, Basingstoke, Hampshire, pp. 61-76.

Abstract

By the mid-1990s, China became the largest outward investor among emerging countries and the eighth largest supplier of outward investment among all countries (The World Bank, 1997). However, the momentum did not really become apparent until the late 1990s, when the Chinese government launched the "Go Global" strategy in 1999, followed by a series of international expansion activities by companies such as Haier Electronics Group and Shanghai International Securities Co. Recently, the world has witnessed a number of high-profile cases of Chinese firms acquiring, or attempting to acquire, well-known firms in North America and Europe. Examples include Lenovo, the leading Chinese PC maker, acquiring the IBM PC division and TCL, the leading Chinese electronics company, acquiring a majority interest in the television division of France's Thomson SA and the handset division of France's Alcatel SA. Commentators have suggested that even recent unsuccessful high-profile bids (Haier for Maytag and CNOOC for Unocal) "reflect China's global ambitions" (Hemerling, 2006).

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ID Code: 15133
Item Type: Book Chapter
Additional Information: For more information about this book please refer to the publisher's website (see link) or contact the author.
Additional URLs:
Keywords: International Business, China, Multinationals, Globalization
ISBN: 9780230515628
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > International Business (150308)
Divisions: Current > Research Centres > Australian Centre for Business Research
Current > QUT Faculties and Divisions > QUT Business School
Copyright Owner: Copyright 2008 Palgrave Macmillan
Deposited On: 14 Oct 2008
Last Modified: 29 Feb 2012 23:43

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