Hidden champions play a critical role in China’s efforts to overcome technological and industrial“chokepoints”.These enterprises are pivotal for breaking free from Western technological embargoes,avoiding entrapmen...Hidden champions play a critical role in China’s efforts to overcome technological and industrial“chokepoints”.These enterprises are pivotal for breaking free from Western technological embargoes,avoiding entrapment in low-value-added production,and driving industrial upgrading.Given the distinct market environment in which China’s hidden champions have emerged,it is both timely and practically significant to examine their growth trajectories and underlying mechanisms.This study adopts a resource allocation perspective to investigate the development path of Chinese manufacturing enterprises into hidden champions,using a vertical case study of Hailiya Group.The findings reveal that such enterprises achieve hidden champion status by vertically concentrating on niche markets while harnessing technological potential and horizontally diversifying their technology application scenarios.Their growth follows a“T-shaped”strategy,combining vertical specialization in a focused market with horizontal expansion into new applications.Four critical mechanisms underpin the rise of manufacturing hidden champions:market niche positioning,innovation-driven focus,application scenario expansion,and ecosystem development.Specifically,these enterprises strategically target niche markets,establish a technology-oriented competitive edge,broaden technology applications to unlock new profit opportunities,and develop collaborative ecosystems to share resources and drive industrial advancement.This paper not only extends the interpretive boundaries of resource allocation theory but also offers fresh insights into the emergence of Chinese manufacturing enterprises as hidden champions,enriching our understanding of their unique growth dynamics.展开更多
THE G20 Osaka Summit in Japan convened on June 28-29 had the world hold its breath. Not only were front-burner issues, such as WTO reform and digitalization of the economy, discussed there, but there was much fanfare ...THE G20 Osaka Summit in Japan convened on June 28-29 had the world hold its breath. Not only were front-burner issues, such as WTO reform and digitalization of the economy, discussed there, but there was much fanfare around the first high-level meeting between China and the United States since the last G20 summit in Buenos Aires late last year. Given the mounting trade tensions between the two countries, the meeting took global center stage.展开更多
At the end of 1990s, Shengzhou necktie industry was in a dismal state at the moment and the 28-year-old Mi Jiandong ran counterride and set up a necktie company on the rent workshop with floor area of 1,000m2 in the f...At the end of 1990s, Shengzhou necktie industry was in a dismal state at the moment and the 28-year-old Mi Jiandong ran counterride and set up a necktie company on the rent workshop with floor area of 1,000m2 in the former Dongpu Village and the daily output of necktie reached 3,000 per day.展开更多
Former Ethiopian first lady dedicates herself to improve the well-being of women and children Roman Tesfaye,wife of former Ethiopian Prime Minister Hailemariam Desalegn,is a fervent advocate of women’s economic empow...Former Ethiopian first lady dedicates herself to improve the well-being of women and children Roman Tesfaye,wife of former Ethiopian Prime Minister Hailemariam Desalegn,is a fervent advocate of women’s economic empowerment.The former Ethiopian first lady sees this issue as the key to poverty eradication and social transformation.展开更多
BRICS in Africa:Collaboration for Inclusive Growth and Shared Prosperity in the Fourth Industrial Revolution-that’s the theme of the 10th BRICS Summit to be chaired by South Africa in Johannesburg this July.It’s a t...BRICS in Africa:Collaboration for Inclusive Growth and Shared Prosperity in the Fourth Industrial Revolution-that’s the theme of the 10th BRICS Summit to be chaired by South Africa in Johannesburg this July.It’s a theme that goes to the very heart of the BRICS ethos–embracing the inclusive global mindset where everyone can benefit.This approach is diametrically opposed to the new wave展开更多
As the solemn Chinese national anthem sounded when she stood on the podium at the Barcelona Olym-pics,the heavy gold medal around her neck,Zheng Peifeng was able to ponder that ambition and how she had so wonderfully ...As the solemn Chinese national anthem sounded when she stood on the podium at the Barcelona Olym-pics,the heavy gold medal around her neck,Zheng Peifeng was able to ponder that ambition and how she had so wonderfully realized it.展开更多
China calls for a louder voice of developing countries in the United Nations THE United Nations is without doubt the only organization that represents the interests of the entire world and being a member is essential ...China calls for a louder voice of developing countries in the United Nations THE United Nations is without doubt the only organization that represents the interests of the entire world and being a member is essential for a country’s credibility. That’s why when South Sudan became independent recently,the new nation’s first move was to join the UN,becoming the 193rd country to attain membership.展开更多
The U.S. Trump adiministration did not wait long before hardening its tone toward China. Barely a year in office, accusations of China violating American intellectual property rights （IPRs） have already been made. T...The U.S. Trump adiministration did not wait long before hardening its tone toward China. Barely a year in office, accusations of China violating American intellectual property rights （IPRs） have already been made. The White House then launched an investigation under Section 301 of the U.S. Trade Act of 1974, arguing that China forces foreign companies to turn over technology secrets. Experts believe that the issue has become one of the main reasons behind the looming trade war between the world＇s two largest economies.展开更多
基金supported by the following projects:The Youth Project of the National Natural Science Foundation of China(NSFC)“Research on Chinese Multinational Companies’Componovation under Resource Constraint:From a Dynamic Circulation Logic of Home and Host Countries”(Grant No.72102030)The Research Project of Humanities and Social Sciences of the Ministry of Education“Research on Chinese Multinational Companies’Learning by Doing Mechanism under Resource Constraint”(Grant No.21C10173022)The General Project of the China Postdoctoral Science Foundation“Research on the Realization Path and Motivations for the Domestic Replacement of Core Technologies for Chinese Manufacturing Enterprises”(Grant No.2022M720975).
文摘Hidden champions play a critical role in China’s efforts to overcome technological and industrial“chokepoints”.These enterprises are pivotal for breaking free from Western technological embargoes,avoiding entrapment in low-value-added production,and driving industrial upgrading.Given the distinct market environment in which China’s hidden champions have emerged,it is both timely and practically significant to examine their growth trajectories and underlying mechanisms.This study adopts a resource allocation perspective to investigate the development path of Chinese manufacturing enterprises into hidden champions,using a vertical case study of Hailiya Group.The findings reveal that such enterprises achieve hidden champion status by vertically concentrating on niche markets while harnessing technological potential and horizontally diversifying their technology application scenarios.Their growth follows a“T-shaped”strategy,combining vertical specialization in a focused market with horizontal expansion into new applications.Four critical mechanisms underpin the rise of manufacturing hidden champions:market niche positioning,innovation-driven focus,application scenario expansion,and ecosystem development.Specifically,these enterprises strategically target niche markets,establish a technology-oriented competitive edge,broaden technology applications to unlock new profit opportunities,and develop collaborative ecosystems to share resources and drive industrial advancement.This paper not only extends the interpretive boundaries of resource allocation theory but also offers fresh insights into the emergence of Chinese manufacturing enterprises as hidden champions,enriching our understanding of their unique growth dynamics.
文摘THE G20 Osaka Summit in Japan convened on June 28-29 had the world hold its breath. Not only were front-burner issues, such as WTO reform and digitalization of the economy, discussed there, but there was much fanfare around the first high-level meeting between China and the United States since the last G20 summit in Buenos Aires late last year. Given the mounting trade tensions between the two countries, the meeting took global center stage.
文摘At the end of 1990s, Shengzhou necktie industry was in a dismal state at the moment and the 28-year-old Mi Jiandong ran counterride and set up a necktie company on the rent workshop with floor area of 1,000m2 in the former Dongpu Village and the daily output of necktie reached 3,000 per day.
文摘Former Ethiopian first lady dedicates herself to improve the well-being of women and children Roman Tesfaye,wife of former Ethiopian Prime Minister Hailemariam Desalegn,is a fervent advocate of women’s economic empowerment.The former Ethiopian first lady sees this issue as the key to poverty eradication and social transformation.
文摘BRICS in Africa:Collaboration for Inclusive Growth and Shared Prosperity in the Fourth Industrial Revolution-that’s the theme of the 10th BRICS Summit to be chaired by South Africa in Johannesburg this July.It’s a theme that goes to the very heart of the BRICS ethos–embracing the inclusive global mindset where everyone can benefit.This approach is diametrically opposed to the new wave
文摘As the solemn Chinese national anthem sounded when she stood on the podium at the Barcelona Olym-pics,the heavy gold medal around her neck,Zheng Peifeng was able to ponder that ambition and how she had so wonderfully realized it.
文摘China calls for a louder voice of developing countries in the United Nations THE United Nations is without doubt the only organization that represents the interests of the entire world and being a member is essential for a country’s credibility. That’s why when South Sudan became independent recently,the new nation’s first move was to join the UN,becoming the 193rd country to attain membership.
文摘The U.S. Trump adiministration did not wait long before hardening its tone toward China. Barely a year in office, accusations of China violating American intellectual property rights （IPRs） have already been made. The White House then launched an investigation under Section 301 of the U.S. Trade Act of 1974, arguing that China forces foreign companies to turn over technology secrets. Experts believe that the issue has become one of the main reasons behind the looming trade war between the world＇s two largest economies.
