Conclusion: Chinese firms disrupt the competitive landscape
Acronyms
BRI Belt and Road Initiative
FDI foreign direct investment
GDP gross domestic product
GFC global financial crisis
OFDI outward foreign direct investment
R&D Research and Development
SOE state-owned enterprise
Chinese firms’ increased global presence illustrates China’s swift and radical transformation. These firms have grown rapidly and gained scale by leveraging the growing Chinese economy and its huge domestic market, potentially twice the size of both the United States and Europe combined. In the decade following the 2008 Global Financial Crisis (GFC) alone, Chinese firms have substantially increased their global footprint. Hardly visible among the largest firms in the ...
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