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38
China’s foreign investment in the world has been on the rise to support economic
development and commercial expansion. Not-for-profit organizations such as
CCIIP aim to facilitate Chinese enterprises investing abroad. Sovereign wealth
fund CIC was established to manage a flux of foreign reserves. Encouraging
outflows of excess capital is also a remedy for curbing inflation in China. CIC
invested heavily in the United States, but Chinese acquisitions of U.S. assets have
met with great resistance from the U.S. government. CFIUS reviews the national
security implications of a wide range of foreign acquisitions of, and investment
in, American businesses and the committee’s proceedings are secret. CFIUS is
considered a “deal breaker” and its inquiry for the Lenovo-IBM deal was a full
investigation. Meanwhile, Chinese companies have intrinsic attributes that dwarf
their overseas expansions and it will be a long way to go for them to become
internationally household brand names.
Object Description
| Title | China's investment in the United States and the public relations implications: A case study of the Lenovo-IBM acquisition |
| Author | Liang, Shuyan |
| Author email | shuyanliang.usc@gmail.com; shuyanli@usc.edu |
| Degree | Master of Arts |
| Document type | Thesis |
| Degree program | Strategic Public Relations |
| School | Annenberg School for Communication |
| Date defended/completed | 2011-04-30 |
| Date submitted | 2011 |
| Restricted until | Unrestricted |
| Date published | 2011-05-04 |
| Advisor (committee chair) | Kotler, Jonathan |
| Advisor (committee member) |
Floto, Jennifer Wang, Jian (Jay) |
| Abstract | This paper discusses Lenovo’s acquisition of IBM’s personal computer division in 2005 as a case in point to explore issues involved in China’ investment in the United States, particularly its public relations implications. It is demonstrated that media coverage underscored the complications and tensions in these supposedly free market activities. This paper presents the manifestation of controversial issues such as state-ownership of businesses, national security, and economic protectionism, as Chinese enterprises invest in the United States through mergers and acquisitions. It provides an account of Lenovo’s communication strategies and gives suggestions to better manage corporate reputation and brand images for Chinese companies that are seeking overseas investment. |
| Keyword | Lenovo; IBM; China; United States; foreign direct investment (FDI); mergers and acquisition (M&A); public relations (PR) |
| Geographic subject (country) | China; USA |
| Coverage date | 2005/2010 |
| Language | English |
| Part of collection | University of Southern California dissertations and theses |
| Publisher (of the original version) | University of Southern California |
| Place of publication (of the original version) | Los Angeles, California |
| Publisher (of the digital version) | University of Southern California. Libraries |
| Provenance | Electronically uploaded by the author |
| Type | texts |
| Legacy record ID | usctheses-m3902 |
| Contributing entity | University of Southern California |
| Rights | Liang, Shuyan |
| Repository name | Libraries, University of Southern California |
| Repository address | Los Angeles, California |
| Repository email | cisadmin@lib.usc.edu |
| Filename | etd-Liang-4567 |
| Archival file | uscthesesreloadpub_Volume32/etd-Liang-4567.pdf |
Description
| Title | Page 45 |
| Contributing entity | University of Southern California |
| Repository email | cisadmin@lib.usc.edu |
| Full text | 38 China’s foreign investment in the world has been on the rise to support economic development and commercial expansion. Not-for-profit organizations such as CCIIP aim to facilitate Chinese enterprises investing abroad. Sovereign wealth fund CIC was established to manage a flux of foreign reserves. Encouraging outflows of excess capital is also a remedy for curbing inflation in China. CIC invested heavily in the United States, but Chinese acquisitions of U.S. assets have met with great resistance from the U.S. government. CFIUS reviews the national security implications of a wide range of foreign acquisitions of, and investment in, American businesses and the committee’s proceedings are secret. CFIUS is considered a “deal breaker” and its inquiry for the Lenovo-IBM deal was a full investigation. Meanwhile, Chinese companies have intrinsic attributes that dwarf their overseas expansions and it will be a long way to go for them to become internationally household brand names. |
