The global industrial consolidation and the challenge for China: the case of the steel industry

Peter Nolan, Huaichuan Rui

Research output: Chapter in Book/Report/Conference proceedingChapter


Mainstream economists believe that the basic tendency of capitalism is competition with strict limits to growth of firm size, and limitless opportunities for 'catch-up' by firms from developing countries. In fact, the 'cascade effect' arising from pressures from 'system integrators' has stimulated an unprecedented degree of industrial consolidation since the 1990s. The rapidly increasing size and power of leading global steel firms presents a deep challenge ever for Chinese counterpart.
Original languageEnglish
Title of host publicationIntegrating China: Towards the coordinated market economy
EditorsPeter Nolan
Place of PublicationLondon
PublisherAnthem Press
Number of pages16
Publication statusPublished - 2007


  • Merger and acquisition (M&A), competition, industrial consolidation, cascade effect, steel, China

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