However, a growing group of Chinese companies have the potential to become truly global players in their industries over the next decade, including Huawei (telecoms), PetroChina (energy), Haier (white goods) and SAIC (automobiles).
The search for new growth markets, acquisition of advanced technology and management skills, and intense domestic competition are cited as prime motivations. Companies are developing technologies to improve their global competitiveness, but global partnerships and overseas acquisitions may also be viable alternatives.
A lack of qualified managers and a dearth of global brands are seen as the key challenges to overseas expansion.
Going global: prospects and challenges for Chinese companies on the
Alan Beebe, Chee Hew, Feng Yueqi and Shi Dailun
IBM Institute for Business Value, 5 April 2006
Review by Steve Lodge.