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Success Strategies in the Chinese Chemical Industry: A Survey and Case Study Investigations

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  • Jeremy Cheng
  • David Bennett

Abstract

The chemical industry in China is facing fierce competition and exposure to market forces as a result of changes in the country's economic policy. The Chinese government has applied administrative actions rather than simply relying on market forces to address the changing dynamics. It has attempted to privatise state-owned chemical enterprises (SOCEs) by corporatisation, coupled with industrial restructuring by merging individual state-owned enterprises into groups. Based on a quantitative survey in combination with case studies of two Chinese chemical enterprises, this paper concludes that in this industry building competences is more effective than privatisation and restructuring to improve performance.

Suggested Citation

  • Jeremy Cheng & David Bennett, 2007. "Success Strategies in the Chinese Chemical Industry: A Survey and Case Study Investigations," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 5(2), pages 91-112.
    • Handle: RePEc:taf:jocebs:v:5:y:2007:i:2:p:91-112
    DOI: 10.1080/14765280701362232
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    Cited by:

    1. Suneel Maheshwari & Vasudha Gupta & Deepak Raghava Naik, 2022. "Development of Risk Index and Risk Governance Index: Application in Indian Public Sector Undertakings," JRFM, MDPI, vol. 15(5), pages 1-19, May.

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