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21 – 30 of over 2000Zhijie Guan, Yan Xu, Hong Jiang and Guogang Jiang
The purpose of this paper is to analyze raw materials, labor, capital, demand, related industries, strategies and policies influencing international competitiveness of Chinese…
Abstract
Purpose
The purpose of this paper is to analyze raw materials, labor, capital, demand, related industries, strategies and policies influencing international competitiveness of Chinese textile and clothing industry.
Design/methodology/approach
The analysis is conducted using “Diamond Model”, in which raw materials, labor, capital, demand, related industries, strategies and policies are included as explanatory variables, and the impacts of international competitiveness on market share (MS), trade competitiveness(TC) and revealed comparative advantage(RCA) are examined based on the estimated coefficients of these variables.
Findings
These factors have different effects on TC, MS and RCA. While their effects on TC and MS are similar in sign even though their degree of significance differs, their effects on RCA are opposite to TC and MS except for capital. Raw materials and capital have negative effects on TC and MS, while the other factors have positive ones. Raw materials have positive effects on RCA, but all other factors have negative ones.
Practical/implications
The results from this study imply that it is necessary to increase investment in fixed assets of Chinese textile and clothing industry, speed up the pace of upgrading equipment, improve the level of industrialization, while strengthening the supply of textile raw materials, and lowering raw material prices, thereby reducing the cost of textile and clothing enterprises.
Originality/value
To the best of the authors’ knowledge, this is the first empirical research made using econometric model about the impact of the main factors of trade competitiveness in Chinese textile and clothing industry based on the “Diamond Model”.
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Dejin Su, Dayong Zhou, Chunlin Liu and Lanlan Kong
The purpose of this paper is to analyze and summarize the development of science and technology (S & T) policies in China from a government-driven perspective in…
Abstract
Purpose
The purpose of this paper is to analyze and summarize the development of science and technology (S & T) policies in China from a government-driven perspective in chronological order. To develop knowledge-based economy, China enacts a range of S & T policies since “Reform and Open Policy” started in 1978. Furthermore, it investigates the overall effects of these S & T policies on university-industry linkages (UILs).
Design/methodology/approach
This paper conducts an analysis framework of S & T policies in historical sequence to explain how government drives UILs to stimulate technological progress and economic growth in China.
Findings
More than a site for high-quality workforce education and knowledge spread, universities as an important part of national innovation are required to participate in economic activities. Considering that most Chinese universities are national, S & T policies with particular regard to university technology transfer would be more important and essential. This research finds that S & T policies enacted by government have made critical contributions to UILs in economic transition period, such as improving academic faculty, enhancing university–industry collaborations and supporting university spin-off formation. The experiences of China suggest that government should enact more effective S & T policies in the knowledge-based economy era.
Practical implications
First, universities need to educate high-level human resources that are important for economic growth and social development. Second, universities need to engage in R & D activities and enhance their collaboration with industries, such as consulting services, research contracts with industry, patent licensing and other general knowledge commercial mechanisms. Third, universities also can directly transfer commercial knowledge to start up new businesses by itself or in partnership with industrial sectors. Without doubt, a series of S & T policies or programs enacted by China’s government to drive entrepreneurship continuously played critical role in the UILs over the past 26 years.
Originality/value
This paper is a pioneering work on how S & T policies enacted by government drive UILs to stimulate technological progress in transitional China.
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Keywords
These are: artificial intelligence, semiconductors, quantum computing, genetics, biotechnology, neuroscience and aerospace.
Peter J. Buckley, Jeremy Clegg and Chengqi Wang
The improvement in performance of Chinese domestically owned industry in 1995 and 2001 is strongly linked to inward foreign direct investment. Rising foreign presence contributes…
Abstract
The improvement in performance of Chinese domestically owned industry in 1995 and 2001 is strongly linked to inward foreign direct investment. Rising foreign presence contributes towards the narrowing of the performance gap between foreign and locally owned enterprises in China. While investment by overseas Chinese firms benefits overall Chinese industry throughout, developed country FDI only generated a positive impact in 2001. Inward FDI by both investor groups benefits Chinese state owned enterprises, but not until 2001 for collectively owned Chinese firms. The results support the use of inward FDI as a development policy tool, in conjunction with economic liberalization.
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The purpose of this paper is to offer a point of view on the challenges China faces competing in a twenty‐first century software industry.
Abstract
Purpose
The purpose of this paper is to offer a point of view on the challenges China faces competing in a twenty‐first century software industry.
Design/methodology/approach
The approach taken was desk research and conversations with other academics and industry experts.
Findings
The paper suggests that China needs to overcome weaknesses in managerial and technical skills and focus on international markets where it is positive strengths.
Practical implications
India provides some important and practical lessons for China's emerging software industry including those Chinese firms looking to increase their export revenues and presence around the globe.
Originality/value
This paper provides insight into the issues and challenges faced by the Chinese software industry looking to expand within a global economy. The paper may also prove useful to those researchers interested in emerging economies.
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In addition to their internal resources, companies in most industries rely upon external strategic resources to maintain and improve their performance. External strategic…
Abstract
Purpose
In addition to their internal resources, companies in most industries rely upon external strategic resources to maintain and improve their performance. External strategic resources have a similar effect on competitiveness but are located in the company’s networks or even in unrelated industries. Some companies underuse these resources, while other companies focus too strongly on accessing external resources in their own industry, which results in hyper-competition. This paper aims to explain how different industries use external resources and describes the criteria for a balanced approach which leads to knowledge transfer, diversity and supports the development of new business.
Design/methodology/approach
Examples and evidence from four different industries are used to identify the different approaches for accessing external strategic resources.
Findings
Valuable external strategic resources are non-transferable, located in a complementary product organisation, knowledge-oriented, located in a different country, preferably not part of the organisation’s primary external focus (e.g. supply chain), able to introduce diversity and innovation and are compatible with network behaviours.
Practical implications
External strategic resources are frequently found within the organisation’s supply chain, however, use of these resources should be balanced by external resources from non-related industries to increase diversity and reduce the likelihood of hyper-competition.
Originality/value
This paper explains why external strategic resources are valuable, identifies the different approaches to accessing them, describes the benefits and drawbacks associated with each approach and provides the key criteria for identifying a valuable external strategic resource.
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In recent years, the People's Republic of China has made remarkable progress in science and technology. The Chinese industry is competing for leadership in cutting-edge…
Abstract
Purpose
In recent years, the People's Republic of China has made remarkable progress in science and technology. The Chinese industry is competing for leadership in cutting-edge technologies such as 5G, robotics, artificial intelligence, aerospace and green energy. This article aims to analyze: What role do industrial parks, especially Suzhou Industrial Park, play in upgrading technology to encourage independent innovation and economic development? How SIP is related to the Belt and Road Initiative?
Design/methodology/approach
This research summarizes China's most important scientific and technological reforms and policies and in particular the Torch Program. In addition, it develops a case study of the Suzhou Industrial Park (SIP) by analyzing documents, bibliography and presenting data. It ends with a case study of the role of SIP in the Belt and Road Initiative analyzing the Great Stone Park in Belarus.
Findings
This article highlights that: China's experience clearly shows that the "visible hand" of the State plays a very important role in economic development and technological catch-up. All of them are implemented from a strategy linking the national objectives with the local ones, this is done from a top-down perspective. As an important aspect of economic and social development, China's experience in promoting indigenous innovation in science and technology provides a relevant example for developing countries.
Research limitations/implications
There are few academic literature on Great Stone Industrial Park.
Practical implications
The international cooperation of the SIP with the technology parks throughout the BRI-countries provides relevant information to deepen collaboration in this field and could contribute to closing the technological gap in developing countries.
Originality/value
The role of the SIP in the Belt and Road initiative is an under research topic. There is few bibliography discussing the impacts of the cooperation in science and technology in the framework of the BRI.
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Keywords
China's aerospace industry.
Werner Fees, Thu Thi Minh Nguyen and Xia Xu-Fees
The purpose of this study is to look at Chinese mergers and acquisitions (M&A) in Germany on a firm level. It focuses on the benefits and risks from the viewpoint of Germany. In…
Abstract
Purpose
The purpose of this study is to look at Chinese mergers and acquisitions (M&A) in Germany on a firm level. It focuses on the benefits and risks from the viewpoint of Germany. In this way, the authors want to close the research gap concerning the financial consequences of Chinese takeovers for the affected German firms. The purpose is to find out if Chinese investors show a specific behavior in terms of profitability, growth and business risks in the acquired companies.
Design/methodology/approach
This paper studies the financial situation of German firms two years before and two years after being bought by Chinese companies, by analyzing accounting data of 19 target companies in six economic sectors. In this empirical study, firm performance is measured by profitability, research and development cost, liquidity and financial leverage. It is using the industry adjustment method and calculation of mean and weighted mean considering company size.
Findings
Overall, German firms’ financial performance after Chinese M&A did not significantly improve, but they did not worsen either. The changes in financial ratios are different across economic sectors and company sizes. Obviously, the final performance of firms after M&A is quite diverse due to diverse company-specific targets. The results do not reflect common fears about deteriorating situations brought by Chinese involvement drawn in mass media.
Research limitations/implications
The study lacks analysis for a longer period, ideally five years before and five years after M&A. The calculated results of industry mean may differ from the real industry mean, as components are collected from the sample companies accounting for only 70% of the market. Industry means figures are calculated for only one single point in time and assumed to be unchanged over the whole time period. The study covers mostly firms which have total assets of more than €50m, so SMEs are underrepresented.
Practical implications
Owners of German firms that are in target but have not been purchased by Chinese investors can see the trends and anticipate which group of M&A targets their firms are categorized into. If their firms belong to the group of sectors or company sizes that shows negative results of performance after Chinese M&A, they can plan to protect their firms by implementing defending strategies against hostile takeovers. If their firms are in the groups that tend to enhance performance after Chinese M&A, they may be in a good position and able to negotiate for mutually beneficial transactions.
Social implications
The results are important for political and public discussion. It is shown that Chinese acquisitions of German firms do not have a deteriorating effect, at least not in the short-term. Therefore, the results are a good input to neutralize discussions in German society.
Originality/value
The results disagree with the few previous studies on Chinese M&A in Germany (Bollhorn, 2015; Müller, 2017; Löchel and Sächtig, 2019). While the studies of Bollhorn and Müller are based on subjective methods, the study is based on a detailed financial method. Then, in contrast to the study of Löchel and Sächtig, it is strictly focusing on Chinese/German M&A. Most existing empirical studies are focusing on cross-border M&As from developed to developing countries and there is little attention to acquisitions in the other direction (Ma et al., 2016, p. 22).
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Ming K. Lim, Weiqing Xiong and Zhimei Lei
Cloud manufacturing (CMfg) is a networked manufacturing mode that promotes the agile, service-oriented, green and intelligent development of the manufacturing industry. Although…
Abstract
Purpose
Cloud manufacturing (CMfg) is a networked manufacturing mode that promotes the agile, service-oriented, green and intelligent development of the manufacturing industry. Although some scholars have reviewed related studies of CMfg from multiple perspectives, these reviews are not fully systematic or well justified and fail to fully reveal the key characteristics in the development process of CMfg. The purpose of this paper is to systematically review the relevant research on CMfg via identification of key characteristics of definition, architecture, supporting technology and application of CMfg to provide critical information in decision support for the innovation and development of CMfg.
Design/methodology/approach
This study systematically reviews the relevant research on CMfg across theoretical methods to technical applications by integrating quantitative and qualitative methods. Word cloud method is used to quantitatively analyse the structure and feature of different definitions of CMfg. The principle of System Science is used to explore the basic components and functions of various CMfg architectures and their common and differing characteristics. A multi-level technology framework is developed to explore the development status of CMfg supporting technologies. A multi-stage application classification is proposed to reveal the application status of CMfg.
Findings
Through literature review, this study found that CMfg architecture is currently dominated by general architectures and lacks architectures that fit the actual enterprise characteristics; CMfg supporting technology is mature in the traditional cloud computing-based technology, but it is still weak in the development of virtualization and servitization technology, service scheduling technology; CMfg application is still in the initial stage and still lacks a relatively complete system application. By analysing the development status of CMfg, this study also identified potential research directions of CMfg in information management, service composition and evaluation, system application and sustainable development and other aspects.
Research limitations/implications
This paper predominantly focuses on journal articles and some key conference papers published in English and Chinese. Chinese articles account for more than half of the total. The reason is that CMfg was proposed by the Chinese and CMfg is suitable for the development of China's manufacturing industry because of China's intelligent manufacturing environment. It is believed that this research has reached a reliable comprehensiveness that can help scholars and practitioners establish new research directions and evaluate their work in CMfg.
Originality/value
Prior literature reviews ignore the identification and analysis of key feature identification for the current development of CMfg, including common and unique feature identification of different CMfg architectures and functions, multi-layer analysis and interpretation of CMfg technology and different stage analysis of CMfg applications. This study addresses these limitations and provides a comprehensive literature review.
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