International business in China: Understanding the global economic crisis

Abstract

This book deals with a number of contentious issues in Chinese management as China emerges as agiobai economic player, with a greater role in international business during agiobai economic crisis. This step is in tandem with an economically driven foreign policy. Since the 1980s, Chinese management, while still in transition, has benefited from an infusion of capital, technology and managerial expertise through inward direct investment via joint and wholly-owned foreign ventures. As the so-called 'workshop of the world', China and its exports, especially labour-intensive goods, face protectionism in the United States and the European Union. To circumvent these barriers, the Chinese leaders are emphasising domestic consumption, itself dependent on rising personal income levels and an improved national social insurance system, and a move to hightech products, themselves requiring indigenous innovation. The creation of a knowledge economy, in addition to outward investment in manufacturing, could lead to a distinctive independent style of Chinese management. Simultaneously, China's participation in intra-regional trade underlines the nation's role in Asian regional business networks. Such developments in turn present a challenge to both Western and global business. This book was originally published as a special issue of Asia Pacific Business Review.