China＇s PV Industry sees positive signs of recovery

LDK Solar Co., Ltd., one of China＇s leading manufacturers of multicrystalline solar wafers, has recently released a gratifying Q3 2009 report, after the company and Q-Celts reached an agreement to continue their supply contract for solar wafers from 2009 to 2018. The recovery of LDK Solar＇s operation may be the prelude of the rebound of China＇s photovoltaic （PV） industry.     

China Telecom＇s net profit down 27.5% in H1

China Telecom Corp, Ltd., China＇s largest fixed line service provider, said on August 27 that net profits fell 27.5 percent from a year earlier in the first half of this year on losses of fixed-line subscribers and increased costs on mobile services. Net profits stood at RMB 8.41 billion （US$1.23 billion U.S. dollars） in the first half, excluding gains from fees collected from installation of fixed lines. Earning per share was RMB 0.1, the company said in its statement to the Hong Kong Stock Exchange. Revenue rose 14.8 percent year on year to RMB 102.55 billion from January to June. The company said it didn＇t plan to pay an interim dividend, but would consider the matter at the end of the year.     

China overtakes U.S. as world＇s biggest auto market

The Chinese government will offer higher subsiclean models, CCTV.com reported on December 11. This move is expected to boost sales of new cars while helping protect the environment and achieve energy efficiency.     

China＇s Huawei to set up training centers in Indonesia

China is not only a major market, but also an integral link in our global supply chain, and an important contributor to our R＆D and manufacturing capabilities, a senior executive at Motorola said.     

CSSC to build China＇s biggest ship parts supply base

Housing price in 70 major Chinese cities rose 1.6% year on year, the lowest increase this year, according to data released November 11 by the National Development and Reform Commission and National Bureau of Statistics.     

Outward foreign direct investment and green innovation in Chinese multinational companies

This paper investigates the reverse green innovation spillovers of outward foreign direct investment (OFDI) in Chinese multinational companies and how environmental regulation stringency in host countries moderates the relationship between OFDI and green innovation. The empirical analysis is based on an integrated dataset of publicly listed firms from 2008 to 2018. The findings demonstrate a significantly positive relationship between OFDI and the green innovation performance of multinational companies. It is also shown that environmental regulation stringency in host countries positively moderates the relationship between OFDI and green innovation. Further analysis reveals the variation of the findings across multinational companies in host countries at different development stages, with different ownership and in industries with different pollution intensities. The observations in this paper imply that the institutional environment of investment destinations matters for reverse technology spillovers, particularly reverse green technology spillovers from OFDI.     

Listed Chinese Internet companies see revenues surge in Q2

According to Xinhua, listed Chinese Internet companies reported surging revenues in the second quarter, raising hopes for a renewal of global investors＇ confidence in Chinaconcept stocks, according to ...     

How Chinese companies deal with a legitimacy imbalance when acquiring firms from developed economies

Chinese companies are increasingly pursuing acquisitions from developed economies (DE) with varying degrees of success. Because of their late-comer and emerging-economy (EE) status, Chinese firms are often perceived as having less legitimacy than the firms they are acquiring. In this study, we examine how Chinese companies’ deal with this legitimacy imbalance by investigating five cases where Chinese firms acquired firms from more developed economies. We find that there is a difference in internal and external legitimacy vis a vis internal and external stakeholders, and that their relative importance changes over the course of the merger process. External legitimacy is more important in the pre- and during- merger stages, while internal legitimacy plays a more important role in the post- merger stage. In addition, we find that during the three stages of the merger process, Chinese MNEs utilize various strategies in an attempt to address the legitimacy imbalance when entering a developed economy, such as relationship building, cooperation with co-investors, allowing the acquired company to operate independently in the first few years, and operational commitment. We discuss the implications of these findings for researchers and practitioners and suggest future research directions.     

中国企业如何跨越“绿色贸易壁垒”——兼论行业协会满足企业公共需求的作用

随着人类对环境问题的关注，一些国家和国际组织为了保护环境和国民健康，通过制定环境标准和法规，对进口商品提出了一系列的技术和安全、卫生标准。由于这些标准往往成为限制自由贸易的非关税贸易措施，人们形象地称之为“绿色贸易壁垒”。自2001年12月中国加入世界贸易组织以来，作为世界上最大的发展中国家，我国很多重要的出口贸易商品不断受