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Corporate China 2.0

The Great Shakeup

  • Qiao Liu

Table of contents

  1. Front Matter
    Pages i-xxxii
  2. Qiao Liu
    Pages 25-53
  3. Qiao Liu
    Pages 79-101
  4. Qiao Liu
    Pages 103-130
  5. Qiao Liu
    Pages 131-153
  6. Qiao Liu
    Pages 155-183
  7. Qiao Liu
    Pages 185-210
  8. Back Matter
    Pages 223-243

About this book

Introduction

This book argues that that the rise of great firms — those with sustainable high return on invested capital (ROIC) — will lay the foundation for China’s successful economic transformation.  Drawn from the author’s research on corporate finance and the Chinese economy, the author maintains that being big could be easy but means little for corporate China, especially in the context of China’s transition from an investment-led economy to an efficiency-driven one. The work discusses both internal and external impediments that lead to lack of great companies in China and suggests institutional conditions which foster the rise of great companies in China, including, reversing the government’s obsession with GDP, reforming the financial system, and promoting entrepreneurship. Policy makers, investors, corporate executives, and MBA students and scholars will appreciate case studies of Huawei, Alibaba, Xiaomi, and Lenovo, among others, that illustrate the endeavors made by Chinese entrepreneurs at the grassroots level and highlight what makes successful companies in China.


Keywords

Corporate China Chinese Economy Return on Invested Capital Corporate Strategies the Chinese Institutions Finance in China

Authors and affiliations

  • Qiao Liu
    • 1
  1. 1.Guanghua School of ManagementPeking UniversityBeijingChina

Bibliographic information

  • DOI https://doi.org/10.1057/978-1-137-55089-7
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2016
  • Publisher Name Palgrave Macmillan, New York
  • eBook Packages Economics and Finance
  • Print ISBN 978-1-137-60371-5
  • Online ISBN 978-1-137-55089-7
  • Buy this book on publisher's site