As China has blended market reforms with comprehensive industrial
policies, most research has focused on the national government's
strategies for economic growth. However, one of the unique
characteristics of industrial policy in China is that it involves
government intervention at all levels, from the political elite all
the way down to village leaders. This book focuses on the domestic
appliance industry, and China's three major business groups in this
area - Haier, Hisense and Aucma. The Haier Group, in particular, is
one of the most successful and competitive enterprises in China and
is very well-placed to compete globally as the Chinese economy
becomes more integrated with the world trading system. This volume
shows how industrial policy is formulated at the national level and
implemented at the local level, and examines how local government
frequently intervenes in local enterprises' business strategy and
management. Of practical importance, this book provides academics,
business people and policy makers with valuable insights into the
development process and a concrete understanding of the challenges
faced in the global business revolution by one of the world's most
dynamic economies.
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