China Goes West: Everything You Need to Know About Chinese by J. Backaler

By J. Backaler

Presenting an unrivalled point of view into the inner-workings of chinese language agencies and their growth plans for overseas markets, this e-book combines government interviews and first-hand money owed supplying the sorely wanted context to the increase of chinese language businesses in domestic and in another country markets and the way the West can effectively compete.

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Extra info for China Goes West: Everything You Need to Know About Chinese Companies Going Global

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Through Li's uninformed opportunism, Hunan Taizinai went bankrupt in 2010. " Mobile phone stores in China are the perfect environments to observe first-hand the level of cut-throat competition among Chinese businesses. " These are far from the most distracting elements of the shopping experience though. Once Chinese shoppers peer through the glass countertop of a mobile phone sales booth, they are bombarded by the sight of hundreds of brands - well-known international brands like Samsung, LG, and Nokia and lesser-known Chinese brands like Xiaomi, Bubugao (BBK), and Kupai.

While small-scale Chinese traders operating through diaspora networks had long been active, larger Chinese firms did not start to invest overseas in earnest until the early 1990s. At that time, outward investment averaged only about $2 billion per year. 6 Given China's size and its growing stockpile of inbound investment dollars, this amount appears almost insignificant. One important reason for this was the Chinese government's caution in not allowing money to flow freely out of China's borders.

2 The 18 strategie industries in China Automotive Information Technology Petrochemieals Aviation Insurance Power Banking Machinery Railways Coal Media Shipping Construction Metals Telecom Environmental Technology Cil and Gas Tobacco to offer. But lending to SOEs is not always based on rigorous assessments of loan quality, and there are not even strict requirements that SOEs pay back loans at all. 4 billion. 14 According to a 2011 study conducted by Unirule, an independent Chinese policy research center, the majority of SOEs are not profitable once you dig into the numbers.

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