Challenges

Globalization Challenges Facing China Inc. China has been a maven exporter, but the countrys growth depends on developing different avenues of business, too By Anil K. Gupta and Haiyan Wang Asia Indias Rich Flock to Mumbais Seaside Haven Indian Food Inflation Surges Opposition Slams Arrest of Indian Minister IPhone Sends Softbank net Soaring Sony Profit Beats Estimates Story Tools post a comment electronic mail this story print this story order a reprint suggest a story digg this fetch to Business Exchange linkedin connections As China continues its march to become the orbits largest economy in 20 years, it is entirely logical that many another(prenominal) of its leading enterprises (such as Huawei, Haier, Lenovo, Geely, Chinalco, and MinMetals) should aspire to become world-wide champions in spite of appearance their respective industries. No wonder, then, that, as U.S. icons such as command Motors and Ford (F) make water stumbled, Chinese companies have been rumored to be concerned in buying some of their subsidiaries. For instance, Beijing Automotive sedulousness has made a bid to buy Opel from bankrupt GM. However, the power to buy is not the same as the ability to swallow. affect Auto has seen its nearly $500 million investment in South Koreas Ssangyong Motor wiped out.

The jury is still out on whether Lenovo was wise to have acquired the PC business of IBM (IBM). And, as electronics pigeonholing TCLs difficulties acquiring the cell-phone business of Alcatel and the TV business of Thomson demonstrate, failed acquisitionsâ€"especially if theyre unsoundâ€"can actually make companies weaker rather than stronger. Indeed, reported moves by Chinas regulators to block Tengzhongs acquisition of GMs Hummer could advantageously be a blessing for Tengzhongs owners. Of course, many Chinese companies have had great success with two types of globalization. The first is conquering global markets via exports from China. The second is acquisition of natural resource assets in Africa, Australia, and Latin America. These... If you want to get a full essay, order it on our website: Orderessay

Order your essay at Orderessay and get a 100% original and high-quality custom paper within the required time frame.