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WEI LI (2) answer(s).
 
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ID:   175563


Chinese Outbound Investment in Australia: From State Control to Entrepreneurship / Li, Wei ; Hendrischke, Hans   Journal Article
Li, Wei Journal Article
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Summary/Abstract This article contributes to our understanding of Chinese corporate expansion into developed economies by using Australia as a case study of how, in the 2010s, Chinese firms began transiting from government-driven resource investment to entrepreneurial expansion in new industries and markets. We contextualize this process by demonstrating how changing market demand and institutional evolutions at home and in the host country created new motivations for Chinese investors. In particular, the decline of active government control in China over the overseas operations of Chinese firms and the more business-oriented regulatory regime in Australia empowered local subsidiaries of Chinese firms to become more entrepreneurial and explorative in their attempts to compensate for their lack of competitiveness and weak organizational capabilities. Consequently, Chinese firms brought their domestic experience and modus operandi to the Australian host market and collectively adapted and deployed dynamic capabilities such as the use of network linkages, experiential learning and corporate reconfiguration. We find that this transfer of capabilities was facilitated by the co-evolution of the Chinese and Australian institutional and market environments and has maintained Australia's position as one of the major recipient countries of Chinese outbound investment, opening the Australian economy to ongoing expansion and disruption.
Key Words Institutions  Australia  China  Entrepreneurship  Odi 
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2
ID:   114579


Market failure or governmental failure? a study of China's wate / Wei Li; Beresford, Melanie; Song, Guojun   Journal Article
Beresford, Melanie Journal Article
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Publication 2011.
Summary/Abstract China's water abstraction policies are significant for illustrating the application of market-based instruments in a transitional and developing country and for shedding light on improving China's water management system. This article presents a new approach to analysing applications of market-based instruments for water resources in China. Expanding the analysis beyond a rational choice approach, it demonstrates the institutional dimension of policy implementation at the local level in China. Four peculiar features of China's water institutions influence local governments in dealing with water abstraction differently from how regulators might expect. This explains local governmental failures and the implementation of water abstraction policies in several ways, including the setting of charges at low levels, a lack of necessary monitoring and sanctions, few incentives to collect charges diligently, and failure to provide accessible information for the public.
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