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

Peter Nolan; Huaichuan Rui

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

Research output: Chapter in Book/Report/Conference proceeding › Chapter

Abstract

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 language	English
Title of host publication	Integrating China: Towards the coordinated market economy
Editors	Peter Nolan
Place of Publication	London
Publisher	Anthem Press
Pages	50-65
Number of pages	16
Publication status	Published - 2007

Keywords

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

Cite this

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