Designated Drivers: How China Plans to Dominate the Global Auto Industry

China's unprecedented level of growth over the past three decades, combined with financial crisis in the West, have led many to question whether free-market capitalism is the best system for generating sustainable economic growth. Not only have some of China's political leaders already declared vict [...]
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China's unprecedented level of growth over the past three decades, combined with financial crisis in the West, have led many to question whether free-market capitalism is the best system for generating sustainable economic growth. Not only have some of China's political leaders already declared victory, but many Western observers are beginning to question whether the Chinese may not be right.Is China's form of state-led capitalism is truly as successful at generating sustainable growth as it would appear? Have the Chinese arrived upon a formula that combines dominance by state-owned enterprises and heavy state influence in management of the micro-economy that may yet prove to be the winning combination?China's central government, while obviously successful in having directed economic growth is also a victim of its own contradictory objectives, at times being forced to choose between industrial competitiveness and social stability. Private sector players, while offering the greatest opportunities to challenge foreign players in terms of innovation have been, and will continue to be, forced to play with one arm tied behind their backs. And China's central government has so far managed to creatively skirt its trade obligations to force more and more technology transfer from foreign players who desperately seek a share of China's market.Designated Drivers examines how China's central government manages one of the country's most important industries, the auto industry. Tracing the evolution of the post-Mao auto industry through 13 case studies, the book asks how successful the central government has been in achieving its objectives and how sustainable a path the central government has created to make its auto industry globally competitive. This book is a must-read for anyone currently doing business in China or considering taking the plunge. The analysis and case studies in Designated Drivers will help foreign business people and policy makers to better understand the political risks of doing business in China.