The Globalization of Chinese Enterprises

The question of how and why Chinese firms globalize is one of the most pressing issues for businesses today. China\u27s globalization process is nothing less than remarkable. The twenty-first century will feature a developing country as the leader of the global economy by 2020, when, by most estimates, China\u27s purchasing power parity (PPP) gross domestic product (GDP) surpasses America\u27s. With China\u27s new role on the world\u27s stage, global economic and political institutions are likely to change. China\u27s foray into Latin America, for example, has changed the traditional role that America has played in its “backyard.” While the Chinese government was given much credit for China\u27s globalization, Chinese private- and family-owned businesses have also propelled China outward. Our research stream and annual China Goes Global conference at Harvard has attempted to frame the questions associated with China\u27s globalization. This special issue is another important step in this direction