Catch-Up and Competitiveness in China: The Case of Large Firms in the Oil Industry

1st Edition

Jin Zhang

Routledge
Published March 3, 2016
Reference - 256 Pages
ISBN 9780415653732 - CAT# Y144004
Series: Routledge Studies on the Chinese Economy

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Summary

This book examines the role of corporate structure, including the role of corporate headquarters, in the success of large firms. It considers these issues in relation to large global corporations, thereby providing a 'benchmark', which is then used as a contrast in a discussion of corporate structure and the role of corporate headquarters within large Chinese firms, many of which have evolved from former government ministries. It includes a detailed case-study of firms in the crucially important oil and petro-chemical sector. Overall, the book shows what a hugely competitive battle China's emerging 'national champions' face with their global competitors, and puts forward policy implications both for large Chinese firms and for the Chinese government concerning how business systems should be reformed further still in order to construct globally competitive large industrial corporations.

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