IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-59961-1_5.html
   My bibliography  Save this book chapter

China’s Multinational Corporations: Then and Now

In: China#x2019;s Emerging Global Businesses

Author

Listed:
  • Yongjin Zhang

    (University of Auckland)

Abstract

Discussions of policy evolution and debates in the last chapter show how China has wrestled with its changing attitude towards multinational corporations in the global economy, from looking at them as part of the problem for world economic development to embracing them as part of the solution for its economic modernisation. It is at best, however, only half of the story of the political economy of China’s emerging global businesses. This chapter examines transnational operations conducted by the Chinese government and enterprises before 1978, and discusses specific policy innovations significant in the early transnationalisation of Chinese businesses. In this chapter, we also tell the story of the steady growth of China’s outward investment and rapid emergence of transnational businesses headquartered in China. Accordingly, this chapter seeks to address a number of questions that are of great interest. Were there any transnational operations and investment activities by the Chinese government and enterprises before 1978? When and how did the Chinese multinational corporations first emerge? And to borrow from Raymond Vernon, ‘Where are they coming from? Where are they headed for?’ (Vernon 1992). How does China’s outward investment promote the transnationalisation of Chinese firms?

Suggested Citation

  • Yongjin Zhang, 2003. "China’s Multinational Corporations: Then and Now," Palgrave Macmillan Books, in: China#x2019;s Emerging Global Businesses, chapter 4, pages 81-118, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59961-1_5
    DOI: 10.1057/9780230599611_5
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-59961-1_5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.