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THE GLOBALIZATION OF CHINESE BUSINESS: Implications for Multinational Investors. Chandos Asian Studies Series. Edited by Robert Taylor. Oxford: Chandos Publishing, 2014. xliv, 323 pp. (Tables, figures.) US$141.00, cloth. ISBN 978-1-84334-768-2.
As the second-largest economy in the world, China is playing an increasingly important role in the world economy. China's latest initiative, namely, the "one belt, one road" (or the Silk Road) initiative points to China's enhanced economic role and increasing national self-confidence. The editor is right in arguing that "[n]o region of the world is unaffected by the nature and volume of China's trade and investment" (preface). An understanding of the globalization of Chinese business is thus a must for all who are interested in this rapidly developing and changing country. The editor of this volume made great efforts in bringing together a dozen or so scholars and examining key aspects of globalizing Chinese business.
It is worth noting that the globalization of Chinese business has been an interactive process between Chinese and foreign firms. In the early stages of the opening up in the 1980s and 1990s, China opened its market to foreign investors since the country was then suffering from a serious shortage of...