Description:
Since the beginning of China's economic reform in 1978, private manufacturing firms have played an indispensable role in, and have made a remarkable contribution to, the country's economic development. This book, based on extensive original research, explores the current development challenges for Chinese private manufacturing firms as China's integration with the global economy deepens. At the heart of the book are rich, nuanced empirical case studies of private manufacturing firms in the footwear and electrical equipment industries based in the city of Wenzhou, which was where private enterprise in China was pioneered in the 1980s. Particular subjects considered include the competition situation, the interaction of foreign and indigenous firms in both domestic and international markets, and the facilitating role of industrial development areas.