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Frank-Jürgen Richter - The dragon millennium: Chinese business in the coming world economy

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title The Dragon Millennium Chinese Business in the Coming World Economy - photo 1


title:The Dragon Millennium : Chinese Business in the Coming World Economy
author:Richter, Frank-Jrgen.
publisher:Greenwood Publishing Group
isbn10 | asin:1567203531
print isbn13:9781567203530
ebook isbn13:9780585383149
language:English
subjectIndustries--China, China--Economic policy--1976-
publication date:2000
lcc:HC427.92.D73 2000eb
ddc:338.951
subject:Industries--China, China--Economic policy--1976-

Page i

THE DRAGON
MILLENNIUM

Page ii

This page intentionally left blank.

Page iii

THE DRAGON
MILLENNIUM

Chinese Business in the
Coming World Economy

EDITED BY
Frank-Jrgen Richter

Page iv Library of Congress Cataloging-in-Publication Data The dragon - photo 2

Page iv

Library of Congress Cataloging-in-Publication Data

The dragon millennium : Chinese business in the coming world economy /
edited by Frank-Jrgen Richter.
p. cm.
Includes bibliographical references and index.
ISBN 1567203531 (alk. paper)
1. IndustriesChina. 2. ChinaEconomic policy1976
I. Richter, Frank-Jrgen.
HC427.92.D73 2000
338.951dc21 9936601

British Library Cataloguing in Publication Data is available.

Copyright 2000 by Frank-Jrgen Richter

All rights reserved. No portion of this book may be reproduced, by any process or technique, without the express written consent of the publisher.

Library of Congress Catalog Card Number: 9936601
ISBN: 1567203531

First published in 2000

Quorum Books, 88 Post Road West, Westport, CT 06881
An imprint of Greenwood Publishing Group, Inc.
www.quorumbooks.com

Printed in the United States of America

Picture 3

The paper used in this book complies with the Permanent Paper Standard issued by the National Information Standards Organization (Z39.481984).

10 9 8 7 6 5 4 3 2 1

Page v

Contents

Tables and Figures

vii

Preface

ix

Introduction: Chinese Visionaries Predict Chinas Future Organization of Business

xi

Frank-Jrgen Richter

I.

Economic Policy and the Development of the Firm

Chinese State-Owned Enterprises under the Dual Influence of the Government and the Market

David Li

The Evolution of Chinese Township and Village Enterprises

Qi Hantang

The Future of Private Enterprises in China

Wang Xueli and Zhang Lijun

II.

Outlook on Selected Industries

The Structure and Development of Chinas Financial Markets

Chen Baizhu and Feng Yi

The Different Behaviors of Chinese Automakers in Technology Introduction and Assimilation

Chen Jin

The Oil Dragons Move: What It Means for China and the World

Deng Shengliang and Xu Xiaojie

Page vi

III.

Competition, Cooperation, and Capitalism

Challenges of Competing in China for Multinationals

Edward Tse

Project and Location Selection in China: Lessons for Foreign Companies

Luo Yadong

The Internationalization of Chinese Enterprises: Evidence from the United Kingdom

Lu Tong

IV.

The Lure of Chinese Management

Chinese Small Business Management: A Tentative Theory

Siu Wai-Sum

Raising the Dragon: Adaptive Entrepreneurship and Chinese Economic Development

Cheah Hock Beng

Developing Virtuous Corporations with Chinese Characteristics for the Twenty-First Century

Ip Po-Keung

Index

About the Editor and Contributors

Page vii

Tables and Figures

TABLES

3.1

Age Distribution of Entrepreneurs in Three Cities

3.2

Education Level of Entrepreneurs in Three Cities

4.1

Market Share of Financial Institutions, 19881995

8.1

Major Locations at a Glance, 1993

9.1

Advantages and Disadvantages of State Ownership for Chinese Enterprises in the U.K.

9.2

Research Topics for Chinese Bank Representative Offices

10.1

Sample Mean Values of Respective Statements

10.2

Entrepreneurial Chinese Cultural Values

12.1

Comparing Traditional and Modern Organizations

FIGURES

4.1

The Structure of Chinas Financial Markets

5.1

Analysis Framework: A Firms Strategy Formulation and Relevant Elements in the Chinese Automobile Industry

6.1

Business Division of China Oil Sector

6.2

China Oil Ownership/Regulation

6.3

Oil Asset Swap

6.4

New Oil Industrial Structure

7.1

China Has Entered a New Phase of Foreign Investment

Page viii

7.2

Few General Rules Apply in China; Context Varies by Industry/Sector and Is Primarily Driven by Regulations

7.3

This Regulatory Context Has Direct Implications for the Competitive Behavior of Industry Participants

7.4

The Actual Consumer Market Size Was Often Smaller than That by Simple Assessment But Often Offset by the Rapid Rate of Income Growth

10.1

Chinese Small Business Management

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