Corporate China 2.0: The Great Shakeup
- Binding: Paperback
- Author: Qiao Liu
- Publish Date: 2016-12-24
This book argues that that the rise of great firms - those with sustainable high return on invested capital (ROIC) - will lay the foundation for Chinaâs successful economic transformation. Â Drawn from the authorâs research on corporate finance and the Chinese economy, the author maintains that being big could be easy but means little for corporate China, especially in the context of Chinaâs transition from an investment-led economy to an efficiency-driven one. The work discusses both internal and external impediments that lead to lack of great companies in China and suggests institutional conditions which foster the rise of great companies in China, including, reversing the governmentâs obsession with GDP, reforming the financial system, and promoting entrepreneurship. Policy makers, investors, corporate executives, and MBA students and scholars will appreciate case studies of Huawei, Alibaba, Xiaomi, and Lenovo, among others, that illustrate the endeavors made by Chinese entrepreneurs at the grassroots level and highlight what makes successful companies in China.