Skip to main content

China: Land of Opportunity but Beware of Landmines

  • Chapter
  • First Online:
Driven to the Brink

Abstract

‘For foreign firms, China remains a potential eureka market, fraught with danger and surprises … China has become the fastest place on earth.’ Bill Fischer, Professor of Innovation Management at IMD

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 29.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 37.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 37.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Notes

  1. 1.

    Fischer, W. A. (2010) Improving not inventing: The secret of China’s success, www.management-issues.com/bill-fischer/, 30 March 2010.

  2. 2.

    Romei, V. (2014) China and US battle for trade leadership, Financial Times, 10 January 2010.

  3. 3.

    Caplen, B. (2015) Summary of the top 1000 world banks, The Banker, 2015.

  4. 4.

    Extreme poverty is defined as an income of less than $1.25 per day.

  5. 5.

    Noble, J. (2015) Doubts rise over China’s official GDP growth rate, Financial Times, 16 September 2015.

  6. 6.

    Companies that continue to operate even though they are insolvent or near bankruptcy.

  7. 7.

    Dobbs, R., S. Lund, J. Woetzel & M. Mutafchieva (2015) Debt and (not much) deleveraging, McKinsey Global Institute, February 2015.

  8. 8.

    Liu, B. (2014) LinkedIn CEO Jeff Warner in interview with Bloomberg TV, www.valuewalk.com/2014/10/linkedin-ceo-jeff-weiner-do-not-prefer-chinese-censorship/ accessed 20 March 2016.

  9. 9.

    Dr Sun Yat-Sen (1897) http://www.globalsecurity.org/military/world/china/corruption.htm.

  10. 10.

    $1.25 trillion flowed out of China in illicit outflows between 2003 and 2012 according to the US-based Global Financial Integrity, a research and advisory organisation.

  11. 11.

    Xie, A. (2010) China’s foul assets, fouler yet, Caixin Online, 13 May 2010.

  12. 12.

    Osnos, Evan (2014) Age of ambition: Chasing fortune, truth and faith in the new China, (New York: Farrar, Straus and Giroux).

  13. 13.

    Leung, J. (2015) Xi’s corruption clampdown, Foreign Affairs, May/June 2015.

  14. 14.

    Lim, B. K. & B. Blanchard (2014) China seizes $14.5 billion assets from family associates of ex-security chief, Reuters, 30 March 2014.

  15. 15.

    Osnos, E. (2014) China’s fifteen-billion-dollar-purge, The New Yorker, 2 April 2014.

  16. 16.

    Transparency International (2014) Corruption Perceptions Index.

  17. 17.

    www.chinadigitaltimes.net.

  18. 18.

    Fukuyama, F. (1995) Trust: The social virtues and the creation of prosperity Free Press).

  19. 19.

    Bain & Company (2013) China Luxury Goods Market Study 2013 Edition: Mainland China Entering an Era of Luxury Cooldown, Bain & Company, 27 December 2013.

  20. 20.

    Neate, R. & A. Monaghan (2013) GlaxoSmithKline admits some staff in China involved in bribery, The Guardian, 22 July 2013.

  21. 21.

    Burkitt, L. & J. Whallen (2013) China targets big pharma, Wall Street Journal, 16 July 2013.

  22. 22.

    Martina, M. (2013) More foreign pharmaceutical firms could be probed in China: Xinhua, Reuters, 24 July 2013.

  23. 23.

    Kuo, L. (2013) Why bribery is rampant in China’s healthcare system, Quartz, 17 July 2013.

  24. 24.

    Jourdan, A. & B. Hirschler (2015) GSK in China: Escaping the shadow of a scandal, Reuters, 26 November 2015.

  25. 25.

    China Daily (2013) GSK allegedly received sexual services, www.en.people.cn/90778/8328268.htlml, 16 July 2013.

  26. 26.

    GlaxoSmithKline plc, Annual Report 2014.

  27. 27.

    Roland, D. (2015) British investigator says Chinese officials tried to force confession, Wall Street Journal, 18 June 2015.

  28. 28.

    Clarke, D. (2015) The Peter Humphrey/Yu Yingzeng Case and Business Intelligence in China (draft), The George Washington University Law School, 5 August 2015.

  29. 29.

    Clarke, D. (2015) The Peter Humphrey/Yu Yingzeng Case and Business Intelligence in China (draft), The George Washington University Law School, 5 August 2015.

  30. 30.

    A plan to collectivise agriculture and to industrialise China. It is widely believed to have caused the Great Chinese Famine, resulting in the death of tens of millions.

  31. 31.

    Jopson, B. (2006) Perils as well as promise in China accounting switch, Financial Times, 3 July 2006.

  32. 32.

    Cogman, D. & G. Orr (2013) How they fell: the collapse of Chinese cross-border listings, McKinsey & Company, December 2013.

  33. 33.

    Deloitte Touche Tohmatsu CPA Ltd (2011) Letter to the audit committee of Longtop Financial Technologies Ltd (copied to the SEC), http://www.sec.gov/Archives/edgar/data/1412494/000095012311052882/d82501exv99w2.htm, 22 May 2011.

  34. 34.

    Tan, K. (2011) Chinese giant falls short, Barron’s, 15 October 2011.

  35. 35.

    OECD (2011) Corporate governance of listed companies in China: Self-assessment by the China Securities Regulatory Commission, (Paris: OECD Publishing) http://dx.doi.org./10.1787/9789264119208-en.

  36. 36.

    China Securities Regulatory Commission (2001) Guidelines for Introducing Independent Directors to the Board of Directors of Listed Companies, Section III, 16 August 2001.

  37. 37.

    Ying, F. (2014) Corporate governance in China: Risks and opportunities, China Business Knowledge, Chinese University of Hong Kong, 3 September 2014.

Author information

Authors and Affiliations

Authors

Copyright information

© 2017 The Author(s)

About this chapter

Cite this chapter

Micklethwait, A., Dimond, P. (2017). China: Land of Opportunity but Beware of Landmines. In: Driven to the Brink. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-59053-4_8

Download citation

Publish with us

Policies and ethics