Globalization, Competition and Growth in China

Globalization, Competition and Growth in China

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Presenting original work and new thinking on a wide range of important issues, the book explores the current state of globalization, competition and growth in China. China has produced an economic miracle since the late 1970s in its transition from a planned to a market economy. This remarkable economic performance was brought about by an open-door policy and gradual integration with the world economy, culminating in Chinaa€™s admission into the World Trade Organisation in 2001. Studies included in this book focus on issues such as foreign direct investment, international trade, reforms in the financial sector, the development of rural township and village enterprises, the investment strategies of multinational corporations, and economic growth.Table 10.8 Prices of Volkswagen brands in China at end of 2004 Price (1000 RMB) Audi A6 a€c a€c a€c A4 a€c a€c a€c VW Passat a€c Polo 2 ... facturer, with over 6.7 million units sold in 2003 and an estimated 10 per cent share of the world light vehicle market. ... in line with its business philosophy of increasing local production as well as sales and service to develop Table 10.9 Annual sales of the Toyota brands in China.

Title:Globalization, Competition and Growth in China
Author:Jian Chen, Lecturer in Economics Shujie Yao, Shujie Yao
Publisher:Routledge - 2006-04-18


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