Global big business and the Chinese brewing industry

"This book considers the impact of global big business on the prospects for the development of their indigenous rivals in the developing world, with particular focus on the Chinese brewing industry. It analyses the relationship between big business, competition and state intervention in the context of developing economies, demonstrating the implications of the industrial concentration and value chain integration of the global big business revolution for catch-up by developing world industries, and considering to what extent, and in what manner, state intervention can allow them to meet the competitive challenge. It goes on to examine these themes in relation to the Chinese brewing industry, demonstrating the substantial competitive advantages possessed by the giant global brewers, and that therefore the burning issue facing their indigenous rivals is not 'going global' but securing their backyard in the face of aggressive foreign penetration." "It includes detailed case studies of the endeavours of the Yanjing and Tsingtao Breweries to catch up and respond to the global business revolution. It is argued that a policy of continuous state intervention is necessary to promote catch-up, suggesting that if the Chinese government retracts its support then many of the achievements of industrial policy over the past few decades may go to ruin."--BOOK JACKET.