By J. Backaler

ISBN-10: 1137293934

ISBN-13: 9781137293930

ISBN-10: 1349671223

ISBN-13: 9781349671229

Presenting an unrivalled point of view into the inner-workings of chinese language organizations and their enlargement plans for foreign markets, this publication combines govt interviews and first-hand money owed supplying the sorely wanted context to the increase of chinese language businesses in domestic and in a foreign country markets and the way the West can effectively compete.

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Additional info for China Goes West: Everything You Need to Know About Chinese Companies Going Global

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Why do Chinese companies buy technology? A December 2009 article by Evan Osnos in The New Yorker featured Goldwind as a key player in the development of Chinese technology firms. It described how a group of China's most prestigious scientists wrote a letter to Deng Xiaoping in March 1986 warning him that China was falling behind globally in technology. " Osnos declared this was China's "Sputnick moment," as Deng fervently agreed and engineered government programs to funnel domestic and foreign investment into technology research.

After his long tenure with Sinopec, Li transitioned to a career in government. Immediately following his role as chairman of Sinopec, Li was appointed deputy director of the State-Owned Assets Supervision and Administrations Commission (SASAC). In 2008, he became secretary of the newly created Ministry of Industry and Information Technology (MIIT), before retiring in 2010. 26 Li began his career in business as a humble engineer who rose to become CEO of one of China's largest SOEs, and then subsequently held positions The Chem'~l Noodl,,,~ / .

Face or mianzi (00-1-), as it is known in Chinese, can be "given" (to praise or honor someone) or "lost" (to embarrass or criticize someone). Mianzi is frequently emphasized as a unique cultural element in doing business in China, but arguably few foreign executives would stick around after a major demotion, or not be offended by open criticism in an all-company meeting. To help manage the transition, Lenovo adopted an alternative solution that satisfled the needs of all parties. Rather than officially demote the senior leaders who lacked the necessary skills, two levels of SVPs were temporarily created during the integration phase.

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China Goes West: Everything You Need to Know About Chinese Companies Going Global by J. Backaler

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