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Geely’s Internationalization and Volvo’s Acquisition

In: Chinese International Investments

Author

Listed:
  • Marc Fetscherin
  • Paul Beuttenmuller

Abstract

The recent wave of high-profile acquisitions of Western brands by Chinese companies has caused consternation around the world. China has become the manufacturer of the world in some industries, now making about 70 percent of toys, 60 percent of bicycles, 50 percent of microwave ovens, 50 percent of shoes, clothing and televisions, and 33 percent of air conditioners and mobile phones (Alon & McIntyre, 2008). The export of those products resulted in a significant trade surplus and accumulation of foreign reserves to about US$2.5 trillion by June 2010.

Suggested Citation

  • Marc Fetscherin & Paul Beuttenmuller, 2012. "Geely’s Internationalization and Volvo’s Acquisition," Palgrave Macmillan Books, in: Ilan Alon & Marc Fetscherin & Philippe Gugler (ed.), Chinese International Investments, chapter 17, pages 376-390, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-36157-7_18
    DOI: 10.1057/9780230361577_18
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    Cited by:

    1. Zheng, Qiuxia & Noorderhaven, Niels & Du, Jian, 2022. "Making the unlikely marriage work: The integration process of Chinese strategic asset-seeking acquisitions," Journal of World Business, Elsevier, vol. 57(3).

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