The Globalization of the Industry: Chinese Inward and Outward FDIs

Abstract

This chapter describes how Western and domestic firms are competing in the various sub-segments of the Chinese market. The analysis begins with the impact of China’s Open Door policy and of Foreign Direct Investments in China by Western multinationals. Then, we consider China’s Go Global strategy and recent trends in Chinese expansion abroad via greenfield and non-greenfield investments. Some interesting cases are analysed in a bid to understand the motives behind the growing integration of the Chinese healthcare industry in the global value chain. This chapter also addresses the challenges for Chinese firms on the global market, as well as the opportunities that China’s healthcare industry can bring to foreign investors.