Foreword; T.Khanna Harvard Business School Harvard University INTRODUCTION PART I: POLITICAL ECONOMY AND GOVERNANCE OF CHINA Contextual View of Chinese Enterprise Internationalization; F.Schortgen The Effects of the Institutional Environment on the Internationalization of Chinese Firms; G.L.Ge & D.Z.Ding Racing With the Dragons; P.J.Williamson & E.Yin The Corporatization of Chinese Oil and Petrochemical Industries; O.Roche PART II: INTERNATIONAL TRADE& INVESTMENT An Assessment of the Effects of Institutional Change on Chinese Outward Direct Investment Activity; H.Voss, P.J.Buckley & A.R.Cross FDI and China's Global Trade Competitiveness: Evidence from Measuring Sino-EU15 Intra-Industry Trade; W.X.Wei Chasing the Dragon: The Emerging EU – China Relationship and its Impact on Business; L.Curran China's New Approach to ODI in Africa: A Model for a Government Seeking Natural Resources; A.Shoham & M.Rosenboim PART III: INDUSTRY CASES Natural Resources: Government Support for Chinese Companies' Global Hunt; H.Gao Telecommunications: Primacy of Power and Regulatory Battles for Promoting National Standards; W.Liang Automotive& Electronics: What Explains Export Success?; G.Wignaraja & R.T.Olfindo Final Reflections