Competing Chinese and Foreign Firms in Swelling Chinese Economy

In the rapid growth of the Chinese economy as the "world's factory and market", while this process has been supported by foreign companies, local Chinese companies have also emerged in the brief span of about 10 years to become major players. This is an extremely rare case in the world history and recently even among the BRICs and the NIEs. One cannot help but wonder what strategic positions foreign firms have adopted to cope with the extraordinary, fierce challenges they have had to face from local Chinese firms. Our workshop discussed and illuminated the corporate activities and competitive and cooperative strategies of both Chinese and foreign firms from the perspective of Japanese, European, US and Asian firms.