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Open Access 2022 | Open Access | Buch | 1. Auflage

Buchtitelbild

Transition and Opportunity

Strategies from Business Leaders on Making the Most of China’s Future

herausgegeben von: Huiyao Wang, Lu Miao

Verlag: Springer Nature Singapore

Buchreihe : China and Globalization

Enthalten in: Springer Professional "Wirtschaft+Technik" , Springer Professional "Wirtschaft"

Inhaltsverzeichnis
insite
SUCHEN

Über dieses Buch

This book is open access under a CC BY-NC-ND 4.0 license.

Multinational corporations (MNCs) have long played a crucial role in the Chinese economy. This role is one that is set to continue in the post-pandemic era as China works to transit to a high-quality growth model that is more sustainable and innovation-driven. With global experience and front-line involvement in some of the most pressing economic, technological, and environmental issues of our day, leading figures in MNCs and chambers of commerce are well placed to share insights that could potentially contribute to policymaking and development strategies so that everyone can “make the most” of China’s future.

This collection of essay aims to share these invaluable insights with a wider audience, offering balanced and diverse perspectives from companies and advocacy groups working on a range of issues related to China’s domestic development, international economic cooperation, and China-US competition. These insights are useful not only for the wider business community, but also for academics, policymakers, students, and anyone trying to deepen their understanding of this exciting period of “transition and opportunity,” and make the most of China’s bright future.

Inhaltsverzeichnis

Frontmatter
PDF

The Big Picture

Frontmatter

Open Access

The Significance of International Business
Abstract
A free flow of business relationships and person-to-person interaction has been the life blood of commerce for much of the last few decades, but this has been suddenly interrupted due to the Covid-19 pandemic. It is especially important in this context to take a step back and “look over the fence” to assess where relations currently stand. In this assessment, the importance of the cultural environment cannot be overlooked.
Martin Mueller
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Open Access

A Roadmap to Bolstering EU-China Relations
Abstract
European multinational companies (MNCs) in China are not making plans based on the next one or two years—they are looking to the next one or two decades. While there is no sign of “decoupling” between Europe and China, there is a growing political story to be told and business is becoming increasingly politicized. China’s economic rise follows historical norms, the way that the EU interacts with China in business should emphasizes existing institutions and WTO reform, ultimately producing an environment in which European business acts as a transition catalyst in China.
Jörg Wuttke
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Open Access

Candor, Wisdom, and Persistence: The Keys to Stabilizing the All-Important Economic Relationship Between China and the US
Abstract
Issues in the US-China trade relationship remain a barrier to truly sustainable and mutually beneficial trade between the two countries. The Phase One agreement between the US and China dealt with some issues, but did not address “interoperability” challenges arising from differences in the two countries’ economic systems. National security concerns, especially in telecommunications, are also a sticking point. Lessons learned from Phase One negotiations have resulted in both countries taking measures that reduce mutual reliance, but ultimately should result in a shared goal of seeking “harmony despite differences”.
Timothy P. Stratford
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Open Access

The Impact of Decoupling on US Employment
Abstract
The transition in trade policy from the Trump era to the Biden era, while maintaining certain themes, will be very different. In terms of employment, the trade war caused job losses and the Phase One agreement and the elimination of tariffs on both sides will lead to job creation. Ten policy recommendations suggested by the author provide a guideline for job creation through deescalation of the trade war, a transition to Phase Two negotiations and a lifting of travel restrictions on both CCP members and students to the US.
Craig Allen
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Open Access

Threading the Needle: The United States and Silicon Valley Business in a Changing China
Abstract
Successfully navigating issues due to uncertainties in US-China relations will require executives to thread a needle between the opportunity presented by China’s market and a geopolitical landscape that is generating a growing range of barriers. While there policy approaches will change from Trump to Biden, many policies will remain, especially in the technology sector. Businesses believe that despite fewer legal restrictions, the issue of a level playing field will remain in China, but that this will not affect overall profitability in the Chinese market.
Sean Randolph
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Open Access

Growing UK-China Trade within the Multilateral Frameworks of the Asia–Pacific Region
Abstract
The global balance of power is going through a period of recalibration and tilting from West to East. As a western market, the UK needs to implement a more calibrated approach to understanding this change to avoid being muscled out of global trade, financial markets, and by measure of geopolitical influence. China will be a key part of post-Brexit strategy as will regional trade agreements like RCEP and CPTPP. China and the UK also have the potential to shore up free trade governance both regionally and globally to their mutual benefit.
Joseph Cash
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Open Access

Continued Clear and Practical Reform Policies Will Create a Positive Environment for French Companies in China
Abstract
In recent years, all the conditions of access to the Chinese market by foreign companies have been continuously and greatly improved with greater market openness in industries including transportation, finance and infrastructure. The elimination special requirements for foreign companies and passage of the Comprehensive Agreement on Investment are also positive moves. Despite the impact of COVID-19, it is expected that there will be continued expansion across sectors in the future.
Christophe Lauras
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Open Access

China’s Growing Presence in Brazil and Latin America
Abstract
The 21st Century opened a new chapter for the relations between China and Latin America. As of 2020, Brazil has received more than half of all Chinese investment in Latin America—around USD 66 billion with three fourths of that investment dedicated to the energy sector and the rest going to agriculture, infrastructure and other areas. While Chinese foreign investment has declined in recent years due to the pandemic, China’s recovery will likely also reach Brazil with new opportunities for investment and cooperation.
Luiz Augusto de Castro Neves, Tulio Cariello
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Analysis and Advice

Frontmatter

Open Access

Key Opportunities for China to Lead Globalization 3.0
Abstract
Globalization 3.0 has gradually arrived over the last couple of years, mainly focused on information, data, technology, and finance, characterized by a high-level of technological exchange based on data and information. With China forecasted to generate more data than any other nation in the world by 2025 and its strides in becoming a digital nation, China and its enterprises will likely play a proactive role in promoting this new era of globalization. China will also influence supply chains and sustainable development to combat climate change. Finally, China’s efforts to create a balanced data asset ecosystem ultimately make it poised to play a part in shaping this exciting new era.
James Chang
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Open Access

Five Reasons for Confidence in China’s Economic Future
Abstract
Globalization and digital disruption have reshaped the world trade order and industrial landscape—a process that has put China at the center. The five reasons China will remain a leader in the global economy in the near future include its “dual circulation” strategy, domestic demand-driven growth, digital technologies, carbon neutrality, as well as entrepreneurship and innovation. While there are uncertainties in the world, China is well placed to continue to be a major leader in the world economy.
Samantha Zhu
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Open Access

Transition and Opportunity: Investing in and Benefiting from China’s New Development Paradigm
Abstract
China is frequently ranked as one of the most important markets for multinational companies (MNCs), having passed the US as the top destination for new foreign investment in 2020. There are five factors that have contributed to this, including market size, innovation, the role of foreign investment, supportive policies and access to markets beyond China. Other opportunities created by China include the Belt and Road Initiative, digital transformation and its low-carbon economy. We are at an inflexion point in China’s transition and integration in the world economy with both new opportunities and challenges.
Vaughn Barber
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Open Access

Continued Acceleration of the Reform of China’s Capital Markets Still Needed
Abstract
China’s capital and financial markets, among the largest in the world, play a key role not only in the raising and efficient allocation and management of capital, but also in attracting foreign capital and institutional investment expertise and knowledge. Markets including equities, fixed income and foreign exchange are growing, and regulation has also improved, improving the environment for investment in China.
Mark Austen
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Open Access

China, Deglobalization, and the Multinational: What Does the Next Decade Hold for Multinational Companies from the East and West?
Abstract
The Great Divergence has given way to the Great Convergence, starting with Japan’s boom in the 1970s and 1980s, while soon after China’s Open Door Policy became the coveted frontier of future growth. While some industries have been unable to catch the wave, industries like private equity, healthcare, consumer products and manufacturing have enjoyed success. Meanwhile, Chinese firms like Lenovo and Huawei are looking to expand globally, but have yet to see major success. While overall momentum is slowing, China will remain a key battleground for multinationals.
Weiwen Han, James Root
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Open Access

Can Chinese Giants Become Multinational Companies?
Abstract
Being strong in revenue yet weak in globalization is a paradox for Chinese companies. Having benefited from a large domestic market and sparkling business innovation, Chinese companies are gigantic in size and entrepreneurial by nature. However, given the political polarization accelerated by the Coronavirus pandemic, Chinese companies are increasingly challenged by the global business community. Unfamiliarity with local customs, lack of communication, cultural differences and misperception are major issues that confront Chinese companies. Training and promotion of local employees and to increase the number of local managers, which will enable Chinese companies to navigate cultural barriers and build trust with potential foreign partners, helping them to become true MNCs.
Denis Depoux
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On the Ground

Frontmatter

Open Access

Airbus—A Solid, Reliable and Trustworthy Long-Term Partner for China
Abstract
Since it first entered the Chinese market in 1967, Airbus has been actively participating in China’s process of reform and opening-up. Airbus thrives on the competition and innovation in the Chinese market and is using a holistic development strategy when it comes to future growth in China. Integration in terms of manufacturing with our completion and delivery center in Tianjin, cooperation in technology areas like big data, AI and new energy as well as China’s efforts toward carbon neutrality create even more opportunities for Airbus to play a role in China’s development strategies.
Gang Xu
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Open Access

The Remarkable Rise of Premium Automobiles in China
Abstract
China has evolved at a breathtaking speed to become one of the most important players of the global economy. It’s is no surprise that the growth in Chinese car sales goes hand in hand with the rapid growth of wealth in Chinese society and China is now also the world’s most important market for premium car brands. Mercedes-Benz is growing “in China, with China” to understand Chinese requirements and pave the way for a future of mobility that is carbon neutral and meets the desires of consumers.
Hubertus Troska
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Open Access

Being Chinese in China to Ensure a Win–Win Solution: Michelin’s Goals for Development in China
Abstract
Michelin’s success in globalization comes in part from being “French in France, Brazilian in Brazil and Chinese in China”, taking advantage of multi-party participation to achieve win–win solutions. Michelin is focusing on three areas in its expansion in China—sustainability in all areas, innovation-driven development, and expansion of domestic demand. Michelin’s core criteria—the well-being and development of people, the continuous growth of profits, and a positive contribution to the planet—are also in line with China’s goals.
Kamran Vossoughi
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Open Access

A Look at the Digital Economy in Terms of Talent Using the LinkedIn Economic Graph
Abstract
Digital talent provides a unique perspective to study the global digital transformation and gain insights into the global digital economy. Trends like talent migration, hiring rates, and in-demand skills by region are focuses for LinkedIn and we are partnering with governments and non-governmental organizations around the world to share these insights and recommend policy solutions. In examining regional migration, we have found that China faces several challenges - an imbalance in the distribution of digital talent, lack of focus in digital talent cultivation and gender gaps in digital talent when hiring.
Yanping Wang
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Open Access

Why Are Adaptive Learning Organizations Better Placed to Succeed in the Future? Insights from Research on Adaptive Learning Organization by NIIT and John Bersin Academy
Abstract
Three decades of Chinese educational reforms have created a workforce oriented towards an industrial economy. Now the challenge is to transform China’s talent-development model to develop the skills needed in an innovative, digitized, postindustrial economy. NIIT has embraced the idea of “Running Training Like a Business”, which means companies have to be agile and elastic. Learning and Development (L&D) has become more complex and increased pressure on organizations, while Adaptive Learning Organizations (ALOs) have three characteristics of adaptivity that enable a proactive and fluid learning ecosystem. This gives them an advantage.
Kamal Dhuper
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Open Access

International Educational Testing Development in a Post-COVID China Context: Five Trends for the Future of Educational Testing
Abstract
The implementation of China’s14th Five-Year Plan will accelerate the modernization of the educational system and increase the quality of education and push the educational examination industry to reform and create a more effective and modern examination system suited to China. There are five major trends in educational testing—growth in international education, Sino-foreign university cooperation, remote testing technology, artificial intelligence and incremental business.
Mengyan Wang
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Open Access

DSM Brings Brighter Lives to China, Shaping China’s Future Together
Abstract
Royal DSM is a science company, which started as a mining company but became a global science-based company committed to health and sustainability covering nutrition and health, medical devices, solar technology and biofuels, sustainable materials to the world’s strongest fibers. In China we cut across almost all markets in both life sciences and materials sciences. DSM also participates in China’s development, particularly in nutritional health and green development, as well as the fight against poverty and Covid-19.
Joe Zhou
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Open Access

Opportunities and Challenges in the Health and Nutrition Industry with the Rise of Younger Consumers
Abstract
Health awareness was becoming a social priority even before the COVID-19 pandemic, especially among younger people in China. This is due to factors like better living standards, improved health awareness and greater emphasis on nutrition and health. But the nutrition and health market in China is also undergoing profound changes. Snacks are replacing lunch and dinner, e-commerce is a major driver of change and sports nutrition is becoming increasingly important. Herbalife is working to meet this changes head on and ensure a healthier China.
Qunyi Zheng
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Backmatter
PDF
Metadaten
Titel
Transition and Opportunity
herausgegeben von
Huiyao Wang
Lu Miao
Copyright-Jahr
2022
Verlag
Springer Nature Singapore
Electronic ISBN
978-981-16-8603-0
Print ISBN
978-981-16-8602-3
DOI
https://doi.org/10.1007/978-981-16-8603-0

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