Abstract
The rise of Chinese global firms has been quite noticeable since 2000. This chapter examines challenges and opportunities of Chinese global firms. Since 2000s, there has been a significant increase of Chinese firms listed in Global Fortune 500. Amongst major nations, China’s growth speed is most prominent. This chapter examines the strategic process of rapid catch-up and global competitiveness and provides illustrations of Chinese global firms for illustrations. Challenges and opportunities of Chinese global firms are also discussed.
While Chinese firms have been innovative in terms of cost and speed, most are yet to build the capabilities to deliver a pipeline of truly innovative products and services. As innovation inevitably becomes more collaborative and eco-system-based, Chinese firms will have to gain the trust of potential partners around the world that they are genuinely commercial enterprises not tools of the state and that they will not benefit disproportionately from the joint effort. (Yves Doz and Keeley Wilson on Advantages and Challenges on Chinese MNEs in global competition).
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Hong, P., Park, Y.W. (2020). Chinese Global Firms: Challenges and Opportunities. In: Rising Asia and American Hegemony. Springer, Singapore. https://doi.org/10.1007/978-981-13-7635-1_7
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DOI: https://doi.org/10.1007/978-981-13-7635-1_7
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