By J. Backaler
Presenting an unrivalled standpoint into the inner-workings of chinese language enterprises and their growth plans for overseas markets, this e-book combines govt interviews and first-hand debts offering 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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Extra info for China Goes West: Everything You Need to Know About Chinese Companies Going Global
Given its limited experience, Goldwind struggled to manufacture Jacobs-designed windmills effectively. In an interview with The New Yorker, Wu was quoted as saying his firm's application of Jacobs' technology was a "terrible failure ... whole blades dropped off ... "17 By 2004, Goldwind identified a new German partner - Vensys. The two companies spent a total of three years partnering on a range of projects and research and development initiatives. 18 While the acquisition itself was relatively smalI, it gave Goldwind access to advanced German technology and the ability to compete successfully in Western wind energy markets.
The combined firm now has operations in China and six cities ac ross the United States, with its US subsidiaries operating under the name Wuxi AppTec. 3 China's go out policy Wuxi PharmaTech's Li was wise to return to China when he did. He knew from meeting the Ministry of Health leadership in Beijing that the government planned a strong emphasis on developing the domestie healthcare and pharmaceutieal sector in the years ahead. By aligning his company with government policy to develop biotechnology as a strategie emerging industry, Wuxi PharmaTech received support and recognition from the highest levels of Chinese leadership despite its status as a private firm.
Unable to access officialloans, businesses often turn to family, friendsand the informal "shadow banking" sector for capital. Shadow banking refers to any financing provided to a Chinese company by a "non-bank" entity. "16 The shadow banking sector was allowed to flourish without much government intervention, because private companies helped offset the cost of supporting unprofitable SOEs while Beijing tried to maintain high levels of economie growth. 1/Shadow banking lending in China (2002 vs 2012) Source: Ql 2013.