Multinational Corporations in China: Benefiting from Structural Transformation (Asia Business Development) Book

China is the world?s largest emerging market economy and the fastest-growing market. It is the second largest foreign direct investment recipient in the world, surpassed only by the United States. Since 1979, Chinese authorities have approved over 300,000 foreign invested enterprises. Today, they represent more than 40 percent of the country?s total national export. China is undergoing two major transitional phases: from a command economy to a market-based one, and from a rural, agricultural society to an urban, industrial one. This book demonstrates how the success of foreign companies depends on the extent to which they can benefit from structural transformation, that is, maximizing economic benefit derived from industrial decentralization, opening up new sectors, eliminating supply or price control in certain industries, loosening government intervention over market demand, realization of pent-up demand, and industrial life cycle transition. Further, the book illustrates industrial and foreign direct investment policies regulated by the Chinese government, outlines the key industries and emerging investment opportunities, provides insights about how to analyze structural attributes of an industry, and presents the decision framework on industry selection. 'Multinational Corporations in China' contains several case studies that show how companies choose Chinese industries and formulate relevant investment strategies. It is of interest to the business community as an important guide to Chinese industry today, and as a case or selective book for mainstream courses in international business, multinational management, or global strategic management.Read More