China and the Global Business Revolution

Cover......Page 1
Contents......Page 10
List of Figures......Page 13
List of Tables......Page 14
Foreword......Page 22
Preface......Page 24
List of Abbreviations and Acronyms......Page 28
1 Large Firms and Economic Development......Page 32
Competition, Small Firms and Economic Development: The Neo-Classical View......Page 33
Large Firms and Economic Development: The Unorthodox View......Page 39
Conclusion......Page 55
Introduction......Page 58
Drivers of the Big Business Revolution......Page 59
Competitive Advantage......Page 64
Industrial Concentration......Page 68
The External Firm: An Ever-Larger Sphere of Co-ordination and Planning?......Page 70
Inequality in the Regional Distribution of Firms that Lead the Global Big Business Revolution......Page 77
Revolutionary Change in Business Systems Outside the USA......Page 82
Conclusion......Page 92
Introduction......Page 98
Strategy and Policy: ‘Grasp the Large’......Page 100
Origins of the National Team’s Development......Page 103
The National Team......Page 107
Pillar Industries and an Evolving Industrial Policy......Page 114
Policies Promoting Institutional Change in the Trial Business Groups......Page 118
Implementing the Policies......Page 122
Direct Support Measures......Page 126
Conclusion......Page 129
Appendices......Page 131
International Trends in the Aerospace Industry......Page 172
China’s Aviation Industry......Page 215
Conclusion......Page 262
Introduction......Page 272
Changes in the Global Pharmaceutical Industry......Page 273
Commercialization of the PLA......Page 302
Growth of the Chinese Pharmaceutical Industry......Page 308
Sanjiu......Page 320
Conclusion......Page 351
Introduction......Page 358
Main features of the Power Equipment Industry World-Wide......Page 359
The Power Generating Equipment Industry in China......Page 370
Harbin Power Equipment Company: The Competitive Struggle......Page 394
The Global Setting......Page 432
The Revolution in the Chinese Oil and Gas Sector......Page 459
Conclusion......Page 522
Introduction......Page 532
The Global Context......Page 533
China’s Automobile and Vehicle Components Industry......Page 567
Yuchai......Page 579
Conclusion......Page 612
Introduction......Page 618
The Global Iron and Steel Industry......Page 619
China’s Iron and Steel Industry......Page 653
Shougang under the Contract System......Page 674
Shougang since the Contract System......Page 714
Prospects......Page 724
The Global View......Page 726
The Chinese Coal Industry......Page 744
Shenhua......Page 765
Conclusion......Page 787
11 The Third Technological Revolution......Page 792
Introduction......Page 793
Obstacles for Firms Based in Developing Countries......Page 794
The Battle for the Chinese Market......Page 821
Conclusion......Page 841
Introduction......Page 844
New Trends in Financial Services......Page 845
Challenges for China’s Banks after WTO Entry......Page 856
Conclusion......Page 868
Introduction......Page 870
Key Issues in the Construction of Large, Internationally Competitive Firms in China......Page 871
Strengthening China’s Industrial Policy?......Page 888
China Joins the WTO: Abandoning Industrial Policy?......Page 895
Can Large Chinese Firms Compete on the Global Level Playing Field?......Page 907
Conclusion (i): China Observes the Agreement......Page 923
Conclusion (ii): Implications for International Relations of China’s Failure to Observe the Agreement......Page 926
14 The Long-Term View......Page 928
The Past......Page 929
China Enters the WTO: The Shock of Defeat?......Page 947
China Enters the WTO: An Alternative Outcome?......Page 956
Afterword......Page 966
Notes......Page 968
Bibliography......Page 990
A......Page 1007
B......Page 1015
C......Page 1021
D......Page 1033
E......Page 1039
F......Page 1044
G......Page 1047
H......Page 1052
I......Page 1057
J......Page 1061
K......Page 1063
L......Page 1064
M......Page 1068
N......Page 1075
O......Page 1081
P......Page 1083
Q......Page 1090
R......Page 1091
S......Page 1093
T......Page 1108
U......Page 1112
V......Page 1115
W......Page 1116
X......Page 1119
Y......Page 1120
Z......Page 1122