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5 - Challenges and Failures

Published online by Cambridge University Press:  05 February 2020

David K. Tse  and
Kineta Hung
David K. Tse
Affiliation:
The University of Hong Kong
Kineta Hung
Affiliation:
Hong Kong Baptist University
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Summary

The path for Chinese firms to go global has not been easy. There have been mistakes and failures. While the global community generally accepts the trend of Chinese firms going out, the pace and extent at which Chinese firms globalise nevertheless cause concerns in some host countries. This chapter examines the major types of challenges faced by Chinese firms. They include concerns in product safety (export-related), failures in managing workforce (raw material mining-related), inexperience in making deals (mining-related), failures in obtaining/honouring contracts (infrastructure-related), gaining local support (infrastructure-related), and failures in relieving host-country security concerns (merger and acquisition-related). While some of these concerns are based on host-country perceptions and may not be ‘real’, perceptions matter and carry serious consequences for Chinese firms’ going out efforts.

Keywords

product safetymanaging workforcecontract issuesgaining local supporthost-country sentimentssecurity concerns
Type
Chapter
Information
Dynamic Growth of Chinese Firms in the Global Market
Challenges, Strategies and Implications
 , pp. 83 - 102
Publisher: Cambridge University Press
Print publication year: 2020

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  • Challenges and Failures
  • David K. Tse, The University of Hong Kong, Kineta Hung, Hong Kong Baptist University
  • Book: Dynamic Growth of Chinese Firms in the Global Market
  • Online publication: 05 February 2020
  • Chapter DOI: https://doi.org/10.1017/9781107446731.005
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  • Challenges and Failures
  • David K. Tse, The University of Hong Kong, Kineta Hung, Hong Kong Baptist University
  • Book: Dynamic Growth of Chinese Firms in the Global Market
  • Online publication: 05 February 2020
  • Chapter DOI: https://doi.org/10.1017/9781107446731.005
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Challenges and Failures
  • David K. Tse, The University of Hong Kong, Kineta Hung, Hong Kong Baptist University
  • Book: Dynamic Growth of Chinese Firms in the Global Market
  • Online publication: 05 February 2020
  • Chapter DOI: https://doi.org/10.1017/9781107446731.005
Available formats
×