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: Hardback
Length: 346 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 seeking to engage with China. How can they effectively navigate the complex web of state-owned enterprises, joint ventures, and franchisees? What policies and strategies can be implemented to promote fair competition and protect the interests of both domestic and foreign businesses?

The rise of China, Inc. is a testament to the power of economic integration and the challenges posed by a nation with a dominant economic and political presence. As democracies grapple with these developments, it is crucial to engage in open dialogue and seek collaborative solutions to ensure a prosperous and equitable global economy.

Weight: 610g
Dimension: 235 x 157 x 23 (mm)
ISBN-13: 9781316513873
Edition number: New ed