Are you ready for China? Sizing up strengths and weaknesses of a global competitor.(THOUGHT LEADER)

Chief Executive (U.S.),  July, 2007  by Kurlantzick, Joshua

• E-mail
• Print
• Link

For decades now, Western companies have been investing in China and learning how to deal with a market that can be both an enormous opportunity and a huge risk. But in the past three years, CEOs have begun facing another challenge: Chinese companies themselves are beginning to compete with Western corporations. Many Western CEOs and politicians are unsure how to react--witness the 2005 political furor over Chinese oil firm CNOOC's proposed purchase of American oil company Unocal, which ended with CNOOC withdrawing its bid.

Several trends are critical to understanding China's new ...

Read the rest of this article with a Free Trial at HighBeam Research.