About the Book

Why we wrote
Enterprise China

In 2020, China dethroned the United States from the top of the Fortune  Global 500. In 2021, China extended its lead with 13 more firms on the list than the U.S. (135 vs. 122). This change is rather stunning, considering that in 1995 when the list was first published China had only three firms on the entire list. Compared to the U.S., China is now punching significantly above its weight with an extra 48 firms on the Global 500 list. Today, China has a growing number of giant firms and its largest firms are growing much faster than its overall economy and much faster than those in the U.S. In Enterprise China: Adopting a Competitive Strategy for Business Success, Dr. Allen Morrison and Dr. Stewart J Black analyze the disproportionate growth of large Chinese firms relative to the economy. This shift is shown to be rooted in its unique business model, in which China has essentially eliminated the traditional separation of commercial enterprises and government. Western companies ignore this model at their peril.