When Haier took over GE’s Appliances, US management feared the future. But the Chinese takeover is very different from the American style, they discovered. Western firms are victim of their traditional viewpoints, tells IMD-professor Bill Fischer, who studied Haier’s very different corporate style, to AP.
When China´s leading white goods producer Haier bought the appliances department of GE it caught the headlines. But the acquisition might not be as important as the underlying strategy to enter American homes, says IMD professor Bill Fischer, co-author of the book Reinventing Giants: How Chinese Global Competitor Haier Has Changed the Way Big Companies Transform to Bloomberg.
Haier´s purchase of GE´s appliances and Midea´s efforts to get a bigger stake at Germany´s robotic company Kuka both reflect the challenges the giant Chinese firms face at home, says business analyst James Roy to Barron´s. Rising labor costs and slowing growth of domestic sales makes both look abroad.
Haier might be the largest white good manufacturer, globally active, but not yet seen as a global brand. The purchase of the appliances section of GE for US$5.4 billion might just change that perception, says James Roy, Associate Principal of the China Market Research Group (CMR) in the International Business Times.
US joint ventures in China might be helping China’s military in improving its aerospace capabilities, according to an early draft of a report by the U.S.-China Economic and Security Review Commission, seen by Defense News China expert Wendell Minnick. The official report in due in November.
US senator Charles Schumer via Wikipedia Is China closing its doors, as companies like GE, BASF and Siemens say, or is it more open than ever, as the country’s officials say? It’s a matter of perception, writes Shaun Rein in CNBC, especially now America’s economy is in trouble and politicians
Image via Wikipedia China’s central government is walking on a thin line when it defends itself against recent foreign accusations of protectionism against those foreign firms, tells Shaun Rein in Asia One. Senior executives of foreign firm, including Siemens, Google, General Electric and BASF have taken the lead in criticizing China’s
Business analyst Paul Denlinger only falls short of making fun of GE‘s CEO Jeff Immelt at his weblog ChinaVortex that China is pursuing its own interests, when dealing with the rest of the world: In light of this situation, the west really has very little room for leverage in pushing