China’s global outward foreign direct investment (FDI) has increased substantially over the last decade, with Europe as a key destination. The upsurge in Chinese outward FDI indicates a rebalancing of global political-economic relations, with China and its companies acquiring new roles and gaining economic power. Bringing together research on the rise of Chinese multinational companies and their activities in Europe, this book focuses on the business strategies of Chinese investors and on employment relations in Chinese-owned companies in Europe. It addresses the topic on three levels: it analyses the emergence of major ‘challenger multinationals’ that have risen from a peripheral position to become global market leaders, maps the patterns of Chinese investment in Europe, and includes case studies that show the diversity of these investments. The book aims to provide a holistic overview of Chinese activities in Europe, with individual chapters focusing on key sectors and covering the different types of investment across the continent.

Introduction Part 1: THe rise of challenger MNCs from China Chapter 1 : Challenger multinationals in televommunications: Huawei and ZTE Chapter 2 : China's cars and parts: development of an industry and strategic focus on Europe Chapter 3 : Catching up strategies and multinational growth: the case of Geely Volvo Chapter 4 : International human resource management and employment relations of Chinese MNCs Part 2: Patterns of Chinese foreign dirext investment flows in Europe Chapter 5 : Chinese foreign direct investments in the European Union Chapter 6 : Chinese foreign dirext investment in central and eastern Europe: an institutional perstective Chapter 7 : Chinese investment in Romania and Bulgaria Part 3: Chinese investments in Europe: capability developments, competition strategies and employment relations Chapter 8 : Chinese investments in Germany: increasing in line with Chinese industrial policy Chapter 9 : Experience with acquisitions of German Mittelstand companies - a case study Chapter 10 : Boarding the high-speed train of China: the upgrade journet of a British engineering firm after acquisition by a Chinese train company Chapter 11 : Huawei in Europe: strategic integration of local capabilities in a global production network Chapter 12 : New voyages in search of treasure: China Ocean Shipping Company(COSCO) Annex : Chinese investors: what do works councils and trade unions need to be aware of? List of contributors