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| Contours of Corporate Sector Development in China |
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China’s Corporate Reform and Its Economic Effects
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| From 1978 onwards, China has pursued a vigorous reform of its corporate sector, ranging from expanding the management autonomy of state-owned enterprises to privatization. Despite significant improvement in the efficiency and competitiveness of Chinese companies, corporate sector reform still remains a work
in progress. |
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| PARK Bun-Soon |
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Inward and Outward Internationalization of Chinese Firms
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| Since the mid-1990s, Chinese companies are accumulating strategic assets more through “outward” internationalization, i.e., outward overseas direct investment and M&A. Internationalization has led to sharp improvement in Chinese firms’ core competency and global competitiveness, leading to sophistication of Chinese exports and an increase in global market share. |
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| KIM Icksoo |
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Chinese Firms’ Corporate Strategies in the Economic Downturn
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| Chinese firms have adopted a three-pronged strategy in response to the global economic downturn: 1) corporate restructuring, 2) catering to strong domestic demand, and 3) seeking to increase market share in overseas markets including by using their strong finances to invest in new production bases in overseas markets. |
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| WANG Xianyi |
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Assessment of Chinese Companies’ Competitiveness
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| Competitiveness of Chinese firms is assessed from three perspectives: 1) scale and diversity of business activity, 2) profitability and ability to innovate, and 3) degree to which they have moved on from serving domestic markets to global markets. |
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| QIU Gang, XU Liyan, SUN Xiaofei |
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 See the Archive
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