The Rise of China Inc.

Leveraging its absolute power low human rights advantage and tolerance by other countries the Chinese Communist Party has transformed China into a giant corporation. Living and working is not a right but a privilege granted by the party. State-owned firms are business units or subsidiaries private firms are joint ventures and foreign firms are franchisees of the party. ''China Inc.'' enjoys the agility of a firm and the vast resources of a state. Meanwhile foreign firms competing with Chinese firms can find themselves matched against the mighty Chinese state. The Rise of China Inc. will interest many readers: it will compel business scholars to rethink state-firm relationships; assist multinational business practitioners in formulating effective strategies; aid policy-makers in countering China''s expansion; and inform the public of the massive corporate organisation China has become and how democracies can effectively deal with it.