Sample Chapters: Understanding a Changing China

As China becomes the world’s largest economy, so it becomes important to understand the key issues shaping the country’s business environment and the behaviour of Chinese businesspeople.

This is difficult because those issues are contested. Is China growing at 3% or 8%? Is the Chinese consumer going to save the world? Are state-owned enterprises national champions or zombies? Have we reached the end of "Cheap China"? Can China innovate? Is business still dominated by personal connections? Are markets or the state in control? Does Chinese culture impede or support organizational effectiveness? Are Chinese dragons at your door? Will the finance and property sectors implode? Is the Chinese model sustainable, or will it end in tears?

On all these issues there is ill-informed "noise", and an abundance of partisan interpretations. The purpose of this book, therefore, is to provide an even-handed analysis of the key issues that will shape the threats and opportunities arising from China’s development in the next decade. It cannot resolve the competing claims made. However, it does provide the reader with the ideas and the sources of evidence needed to understand and to make well thought-out judgments as China continues to evolve

Howard Davies is Adjunct Professor at Hong Kong Polytechnic University. He served in the Faculty of Business from 1990 to 2013, as Professor, Dean, and Associate Dean. His publications on China Business include papers in Strategic Management Journal, Journal of International Business Studies and Organization Studies.

"As China becomes central to the global economy, so it is important to understand its key features. Unfortunately, media coverage is dogged by bias, sloppy thinking and failure to understand cultural and institutional differences. Is China’s economy really slowing down? When its stock markets tank, does it matter? Do empty apartments foretell collapsing house prices? Is China innovating? Will the China story end in tears?

This book provides a balanced review of these issues and more, built around forty years of experience and research. It will appeal to thoughtful businesspeople and to professors who want useful content for their students."

Matevz Raskovic is Senior Lecturer in international business (tenure track) at the School of Marketing and International Business, Victoria University of Wellington, New Zealand. He was also 2017 Fulbright Visiting Scholar at FAS Sociology, Harvard University, and was previously Assistant Professor at Faculty of Economics, University of Ljubljana, Slovenia.

"The current U.S.-China trade war highlights an even greater need to understand Chinese consumers and the drivers of Chinese domestic demand, since much of the future of Chinese economic growth rests on the optimism of Chinese consumers and the role of its private sector. These will become an even greater engine of future economic growth for China, as foreign trade tensions escalate. But has consumption in Tier 1 and 2 cities lost steam due to rising living costs? Will demand in Tier 3 and 4 cities be enough to drive domestic consumption in the future? Will China be able to leverage the potential of its vast rural market? What role will e-commerce play both within Mainland China and across its borders? To find answers to these and many other questions, one needs to understand the forces of a changing China."

Featured Product

  • Understanding a Changing China

    Key Issues for Business, 1st Edition

    By Howard Davies, Matevž Rašković

    As China becomes the world’s largest economy, so it becomes important to understand the key issues shaping the country’s business environment and the behaviour of Chinese businesspeople. This is difficult because those issues are contested. Is China growing at 3% or 8%? Is the Chinese consumer…

    Paperback – 2017-08-22
    Routledge

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