China's Global Political Economy: Managerial Perspectives

316 Pages·2018·3.582 MB·English

by  Robert Taylor, Jacques Jaussaud

China’s Global Political Economy
Much has been written about China’s economy, as well as its business management
system. China’s Global Political Economy, however, is designed to bring together
these two perspectives, serving to enhance our understanding of China’s growing
global role.
Examining changes in the management strategies of foreign companies investing
in China and Chinese enterprises doing business overseas, this book analyses China’s
political economy in the context of the Communist Party’s changing policies. The
introductory section begins by studying the aspects of Chinese economic growth as
it impacts on domestic social issues and the projection of Chinese power abroad.
Within this overall framework, it then goes on to critically assess the effects of
foreign investment, business management strategies, human resource management,
corporate social responsibility and the financial services sector. Arguing that the
encouragement of consumption is a significant objective of the Chinese leadership,
the last section is concerned with the importance of the food industry.
This book will be of interest to students and scholars of Chinese business,
management and international political economy, as well as policymakers and
business practitioners.
Robert Taylor was formerly Director of the Centre for Chinese Studies and Reader
in Modern Chinese Studies at the University of Sheffield, UK. His publications
include The Globalization of Chinese Business (2014) and International Business
in China (Routledge, 2012).
Jacques Jaussaud is Professor of Management Sciences at University of Pau,
France. He has co-edited several books, including Economic Change in Asia:
Implications for Corporate Strategy and Social Responsibility (Routledge, 2017).
Routledge Studies on Comparative Asian Politics
Books in this series will cover such areas as political institutions and systems,
political economy, political culture, political thought, political psychology, public
administration, law, and political histories of Asia. The studies may deal with Asia
as a whole, a single country, or a group of countries in Asia. Those studies that
have a clear comparative edge are especially welcome.
The series is edited by Shiping Hua, the Calvin and Helen Lang Distinguished
Chair in Asian Studies, Director of the Asian Studies Program and Professor of
Political Science at the University of Louisville, USA.
The Editorial Board:
Alice Ba, University of Delaware, USA
Mark Beeson, University of Murdoch, Australia
Jennifer Bussell, University of California at Berkeley, USA
William Callahan, London School of Economics and Political Science, UK
Nobuhiro Hiwatari, University of Tokyo, Japan
Jia Qingguo, Peking University, China
Jin Canrong, Renmin University, China
David Kang, University of Southern California, USA
Peter Moody, Notre Dame University, USA
Mariya Y. Omelicheva, University of Kansas, USA
Naveed Sheikh, University of Keele, UK
Narendra Subramanian, McGill University, Canada
Rina Williams, University of Cincinnati, USA
Brian Woodall, Georgia Institute of Technology, USA
Quansheng Zhao, American University, USA
The Authoritarian Public Sphere
Legitimation and Autocratic Power in North Korea, Burma, and China
Alexander Dukalskis
An East Asian Challenge to Western Neoliberalism
Niv Horesh and Kean Fan Lim
China’s Global Political Economy
Managerial Perspectives
Robert Taylor and Jacques Jaussaud
China’s Global
Political Economy
Managerial Perspectives
Edited by Robert Taylor and
Jacques Jaussaud
First published 2018
by Routledge
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© 2018 selection and editorial matter, Robert Taylor and Jacques Jaussaud;
individual chapters, the contributors
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ISBN: 978-1-138-10373-3 (hbk)
ISBN: 978-1-315-10256-6 (ebk)
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Contents
ContentsContents
List of figures and tables vii
Acknowledgements xi
List of abbreviations xii
List of contributors xv
1 Introduction and overview 1
ROBERT TAYLOR
PART 1
Political economy 13
2 China’s ‘new normal’ growth trajectory: regional
and global implications 15
LUCIA MORALES AND BERNADETTE ANDREOSSO-O’CALLAGHAN
3 Origins and dimensions of the Belt and Road Initiative:
experimental patch-work or grand strategy? 31
ROBERT PAULS AND JÖRN-CARSTEN GOTTWALD
4 Urban-rural differences in social policies: the case of the
hukou system in China 55
AGAR BRUGIAVINI, DANILO CAVAPOZZI AND YAO PAN
5 Changing role of leadership and impact of social media:
a case study of public officials in Lanzhou City, China 73
BHUMIKA GUPTA, SAJJAD HAIDER, ZHU YANRU AND FAN YUNXIN
vi Contents
PART 2
Inward and outward FDI 95
6 Chinese outward foreign direct investment: strategies for
international development 97
BRUNO AMANN, JACQUES JAUSSAUD AND ZHANG BOQI
7 Chinese companies Go Global: the case of Chinese
investments in France 127
NI GAO AND JAN SCHAAPER
8 Chinese firms in France: investment motives and related top
manager staffing practices 149
CUILING JIANG AND ROMAIN BELZ
9 The Chinese way to the development of corporate social
responsibility 168
GILDAS LUSTEAU, ISABELLE BARTH AND JACQUES JAUSSAUD
10 The corporate social responsibility strategy of a French
multinational: a global and local approach in China 177
CLAIRE ETIENNE
PART 3
Services and consumption 203
11 The PER and PBR in China: where do we stand? 205
SOPHIE NIVOIX AND YUGANG GUO
12 Emerging opportunities, challenges and constraints in the
Chinese food industry 223
M. BRUNA ZOLIN AND MATILDE CASSIN
13 Food security, food safety and pesticides: China and the EU
compared 253
M. BRUNA ZOLIN, MATILDE CASSIN, ILDA MANNINO
14 Assessing the trade potential between China and the EU: in
the agricultural sector 278
BERNADETTE ANDREOSSO-O’CALLAGHAN AND LI JUNSHI
Appendix 291
Index 292
Figures and tables
Figures and tablesFigures and tables
Figures
2.1 Series prices. 22
5.1 Conceptual model. 81
5.2 Showing the responses of the participants to the question: ‘I go
beyond self-interest for the good of the group’. 82
5.3 Shows the responses of the participants to the question: ‘I
consider the moral and ethical consequences of decisions’. 83
5.4 Shows the responses of the participants to the question: ‘I help
others to develop their strengths’. 83
5.5 Illustrates the responses to the question: ‘I make clear what one
can expect to receive when performance goals are achieved’. 84
5.6 Shows the responses to the question: ‘I keep track of all mistakes’. 84
5.7 Responses to the question: ‘I wait for things to go wrong before
taking action’. 85
5.8 Shows the responses of the participants about whether or not
they frequently connected with social media. 85
5.9 Displays how the respondents feel about the impact of social
media on their lives. 86
5.10 Displays the responses of participants as to whether or not
excessive use of social media has hampered their
work performance. 87
5.11 Gives a snapshot of social media usage for social,
organizational and personal purposes. 88
5.12 Exhibits social media usage for various purposes. 88
5.13 Shows responses regarding whether their organizations have a
policy for usage of social media in workplaces. 89
8.1 Positioning the archetypes of top manager staffing practices. 162
10.1 Application to the Group of the analysis concerning the
management of international CSR by a multinational proposal
by Husted and Allen. 192
10.2 Application of the conceptual framework developed by Hah
and Freeman (2014) to the subsidiary CSR strategy. 194
viii Figures and tables
10.3 Summary of factors influencing the CSR internationalization of
the Group. 198
11.1 Evolution of Shanghai and Shenzhen stock markets. 211
11.2 Cumulated returns of PER portfolios (Shanghai and Shenzhen). 216
11.3 Compared average market capitalizations. 216
11.4 Cumulated return of PBR portfolios (Shanghai and Shenzhen). 218
12.1 China’s GDP per capita and GDP annual growth per capita. 224
12.2 China’s population growth rate (1979–2014). 225
12.3 China’s population trend (1949–2013): total population (right)
and urban-rural population (left). 225
12.4 China’s inequality trend: GINI index. 226
12.5 People living on less than $3.10 a day in China. 227
12.6 Agricultural land* and arable land* in China, trend. 228
12.7 Main cereals production in China (10,000 tons). 229
12.8 Foodservice Markets Worldwide in 2013 (sales volume,
US$ Billions). 229
12.9 Top 5 Foodservice Companies Worldwide, US$ Millions (2013) 230
12.10 Food consumption expenditure per capita (index 100): urban
and rural households in China. 232
12.11 Food expenditure per capita (yuan and rate of total
consumption) in urban households in China. 233
12.12 Food expenditure per capita (yuan and rate of total
consumption) in rural households in China. 233
12.13 China’s food imports and exports (1980–2014). 235
12.14 Total renewable water resources per capita. 240
12.15 Population with access to drinking water. 240
12.16 Water use. 241
12.A Top 10 export products in 2014. 247
12.B Top 10 import products in 2014. 248
13.1 Pesticide use, population growth and crop production
compared: 1990–2012. 261
13.2 Main types of pesticides used worldwide in 2012. 262
13.3 China’s pesticide imports and exports with the rest of the world. 263
13.4 EU’s pesticide imports and exports with the rest of the world. 263
13.5 Pesticides: EU imports from China and EU exports to
China (value). 264
13.6 Pesticides: EU imports from China and EU exports to China
(quantity). 264
Tables
2.1 Descriptive statistics – series returns. 24
2.2 Tests for stationarity. 25
2.3 Causality tests. 26
5.1 Cronbach’s alpha. 80
Figures and tables ix
5.2 Item statistics. 81
5.3 Shows the types of social media platforms frequently used by
the officials. 87
6.1 Well known cases and the internationalization process. 109
6.2 Emerging firms and the internationalization process. 115
7.1 Sample characteristics. 138
7.2 Main FDI motivation of Chinese subsidiaries in France, ranked
as a market seeking and asset seeking motivation. 140
8.1 Key layers in managing Chinese OFDI. 152
8.2 Key stages in development of Chinese OFDI. 153
8.3 Top seven FDIs in France in 2016. 155
8.4 Examples of Chinese companies that entered the French
market in 2016. 155
8.5 Company presentation. 158
8.6 The internationalization strategies of Chinese Company A. 159
8.7 The international strategies of Chinese Company B. 160
8.8 The international strategies of Chinese Company C. 161
8.9 The internationalization strategies of Chinese Company D. 162
10.1 List of the interviewed leaders and characteristics of the interviews. 182
11.1 Number of listed firms in both Chinese markets. 212
11.2 Descriptive statistics of the PER in our sample. 214
11.3 Descriptive statistics of PBR in our sample. 214
11.4 Mean and standard deviations of PER (PER 1 is the 20%
lowest PER and PER5 is the 20% highest) 215
11.5 Mean and standard deviations of PBR (PBR1 is the 20%
lowest PBR and PBR5 is the 20% highest. 217
11.6 Cross-sectional analysis of PER and PBR ratio over the
2007–2015 period. 219
11.7 Industries according to PER and PBR levels. 219
12.1 The structure of China’s food distribution network. 231
12.2 Ownership structure of food and beverage wholesale industry
in China in 2011. 231
12.3 China’s food trade 1980–2014 (US$ millions). 235
12.4 Top 10 agri-food and seafood importers worldwide, 2013. 236
12.5a Ten renowned European products registered in the official
AQSIQ* Chinese GI register. 237
12.5b Ten renowned Chinese products protected in the EU. 237
12.6 China’s land investments (2014). 242
12.A Per capita income and expenditure of urban households. 245
12.B Per capita income and expenditure of rural households. 246
12.C Top 10 Chinese food and beverage companies. 247
13.1 Leading countries and leading 5 global agrochemical
multinational companies based on revenue in 2013 (US$ millions). 259
13.2 Worldwide agrochemicals revenue markets share by region in 2012. 260
13.3 EU top agri-food importers and exporters by regions, 2015 265