The Rise of China, Inc.: How the Chinese Communist Party Transformed China into a Giant Corporation

The Chinese Communist Party has transformed China into a giant corporation, leveraging its absolute power, low human rights advantage, and tolerance by other countries. State-owned firms are business units or subsidiaries, private firms are joint ventures, and foreign firms are franchisees of the party. China, Inc. enjoys the agility of a firm and the vast resources of a state, while foreign firms competing with Chinese firms can find themselves matched against the mighty Chinese state.

Format: Paperback / softback
Length: 334 pages
Publication date: 27 January 2022
Publisher: Cambridge University Press

The Chinese Communist Party has exerted its absolute power, enjoyed a significant advantage in human rights, and garnered tolerance from other countries to transform China into a vast corporation. Living and working in China no longer constitute a fundamental right but rather a privilege granted by the party. The economic landscape is characterized by a mix of state-owned firms, business units or subsidiaries, private firms operating as joint ventures, and foreign firms operating as franchisees of the party.

China, Inc. operates with the agility of a private corporation and the immense resources of a sovereign state. This unique combination allows China to navigate the global market with remarkable efficiency. However, for foreign firms competing with Chinese firms, the playing field becomes increasingly challenging as they face the formidable might of the Chinese state.

The rise of China, Inc. will captivate the attention of many readers. It will prompt business scholars to reevaluate the dynamics between state-owned firms and their role in the economy. Multinational business practitioners will find valuable insights in formulating effective strategies to navigate the complexities of the Chinese market. Policy-makers will gain essential tools to counter China's expansionist ambitions, and the public will gain a better understanding of the massive corporate organization that China has become.

This development raises important questions for democracies. How can they effectively engage with a state that operates on a different economic and political model? What are the risks and challenges associated with China's rise, and what strategies can be adopted to mitigate them?

The rise of China, Inc. is a complex and multifaceted phenomenon that requires careful analysis and consideration. By understanding the dynamics of China's corporate landscape and the implications for global economic and political stability, democracies can position themselves to navigate this evolving landscape effectively.

Weight: 504g
Dimension: 154 x 227 x 23 (mm)
ISBN-13: 9781009074926
Edition number: New ed