Globalization Challenges Facing China Inc.By
As China continues its march to become the world's largest economy in 20 years, it is entirely logical that many of its leading enterprises (such as Huawei, Haier, Lenovo, Geely, Chinalco, and MinMetals) should aspire to become global champions within their respective industries. No wonder, then, that, as U.S. icons such as General Motors and Ford (F) have stumbled, Chinese companies have been rumored to be interested in buying some of their subsidiaries. For instance, Beijing Automotive Industry has made a bid to buy Opel from bankrupt GM.
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