Is China Inc gonna make all the same bonehead mistakes as Japan Inc?
China Inc. Quickly Raising Global Profile?
SHANGHAI, China, Oct 21, 2004 (AP Online via COMTEX) --
....China Inc. is fast raising its international profile with a corporate buying spree, spending billions on companies and resources to feed its growing industrial juggernaut. ....
....China's largest drug manufacturer, Sanjiu Enterprise Group, bought a majority stake in Japanese pharmaceutical maker Toa Seiyaku Inc. It was eyeing the drug unit of cosmetics giant Kanebo before its expansion ....
....The close ties between government and business - much closer, even, than in Japan - might be a liability but they also give Chinese companies leverage, consultant Broadfoot said. The Chinese, said, "have the ability to argue with foreign companies that 'if you want access to our market, you have to sell us a stake in your company."'