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Chinese SMEs in Prato, Italy

In: Chinese International Investments

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  • Anja Fladrich

Abstract

China’s ongoing ambition of global leadership includes its growing investments outside China. Although China has the reputation for being the world’s factory, manufacturing up to 70 percent of electronics, toys, textiles, clothing, and footwear (Lardy, 2002; Gu, 2006; Harney, 2008), a growing number of Chinese have set up businesses outside the country, most recently in Europe. Today, China not only runs the world’s workshop but operates workshops around the world, a phenomenon resulting from increased Chinese outward foreign direct investment (OFDI), which has doubled to US$52 billion between 2007 and 2008 (Roberts & Balfour, 2009, p. 42). Key players in China’s global push are Chinese state-owned enterprises (SOEs) and Chinese multinational enterprises (MNEs). Their goal is to open new markets, access natural resources, and buy Western brands overseas.

Suggested Citation

  • Anja Fladrich, 2012. "Chinese SMEs in Prato, Italy," Palgrave Macmillan Books, in: Ilan Alon & Marc Fetscherin & Philippe Gugler (ed.), Chinese International Investments, chapter 11, pages 234-256, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-36157-7_12
    DOI: 10.1057/9780230361577_12
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