The coming age of Chinese multinationals

[bob20]

This paper offers a sharp view on the rise of Chinese multinationals. In particular, it studies the problems that stop them to grow.

The coming age of Chinese multinationals

by George Zhibin Gu

December 2004 will be remembered as a time when a faceless Chinese company, Lenovo, suddenly took the global stage. The bluest of blue-chip multinationals, IBM, got out of its personal computer business by selling out to Lenovo, making this faceless company the third-biggest global PC player. So are there other Chinese brands which could take the world by storm? A rising economy must create multinationals. The UK and US have done it. Japan and South Korea have followed. Now it's China's turn.

There are several dozen Chinese companies that will eventually join the exclusive 500 club. That could happen within the next 10 years or even sooner. Currently, 15 Chinese companies are already in the club, including several telecom operators, four banks, State Grid, China Life, BaoSteel and SAIC, the Shanghai-based auto-manufacturer. They are all state-run.

...

http://www.onlineopinion.com.au/view.asp?article=3337

[39degN]

the last two paragraph is copied from an article at economist or anywhere else, if my memory serves me correctly.

[bob20]

A top thinker like Dr. George Zhibin Gu is often quoted by leading media around globe, including Economist. So, it is really the other way around.

[bob20]

Here is a report to everyone:

This paper by George Zhibin Gu is "stolen" by Economist.com (China Economy section) presently.

Each and every word of Dr. Gu, including the title and his name, is quoted there.

In addition, this paper by Dr. Gu is quoted by several hundred websites presently. All you need to do is googling.

[roddy]

I wasn’t going to let any more of bob20’s posts promoting the honorable Dr Gu onto the board, as I thought we’d had enough of them. However, I was so shocked to learn that he’d been plagiarized by the Economist (a publication I previously regarded as upright and respectable) that I felt I had to let everyone see what was happening.

I shall email the Economist forthwith.

Roddy

[Jack MacKelly]

The China multinationals are growing

there were a few other big names I saw mentioned last month

[Harpoon]

Hmm, what are the implications of state-run multinational corporations?

[马杰]

They may still face alot of restrictions in each country since Beijing is the majority shareholder. Smart business decisions might be forced to give way to mainland political agendas as well, which would end up limiting the growth of those companies.

France's arrangement with some French MNC's may be a good view of this arrangement, but the circumstances may be more extreme.

[Harpoon]

yes but that means that Chinese corporations can be direct extensions of the Chinese government's foreign policy. I know that American government and big corporations are closely linked (they are both big, important entities) but the corporations don't take orders from the Whitehouse. (do they?)

[马杰]

"yes but that means that Chinese corporations can be direct extensions of the Chinese government's foreign policy. I know that American government and big corporations are closely linked (they are both big, important entities) but the corporations don't take orders from the Whitehouse. (do they?)"

It would seem to be the opposite these days, the White House and Congress take their marching orders from Wall Street, and some of the US's worst examples of real politik are the result of lobbying from corporations.

[Harpoon]

It would seem to be the opposite these days' date=' the White House and Congress take their marching orders from Wall Street, and some of the US's worst examples of real politik are the result of lobbying from corporations.[/quote']

yeah I think I understand.

Do you know of any specific examples?

[TSkillet]

yeah I think I understand.

Do you know of any specific examples?

Wal-Mart (and many other retailers) pushing for MFN status with China for cheaper goods

Car manufacturers pushing for NAFTA for easier moving of plants, etc. to mexico

Car companies lobbying against emission standards and gas guzzler taxes

Tobacco companies lobbying for tort reform.