China’s phenomenal economic growth in the past 30 years has witnessed the rise of its global natural resources companies. At the same time, the emerging of a middle class in China and their desire to improve living standards including better dwelling conditions, better health and nutrition, has driven strong demand in mineral resources, energy and quality food. The so called ‘socialist market economy’ in China has seen this growing demand being met partially by companies with ‘national significance’. In the resources sector, these companies are represented by companies listed in stock exchanges in China as well as globally such as in New York and London; at the same time, most of these companies are also controlled by the Chinese government.
China’s resources companies have expanded overseas in search of new acquisition targets whilst seeking to extend their global reach with a focus on resource rich countries. The expansion of these companies internationally, and the unique ownership structure of these companies, has posed challenges for regulators, trading partners of these companies, investors and other interested parties seeking to understand how these companies are governed and the implications of government ownership for resource security globally.
Resource Security and Governance: The Globalisation of China’s Natural Resources Companies contains case studies of the global expansion efforts of Chinese global natural resources companies; it reviews the governance structures of these companies and analyses how these have affected the inter-relationship between these companies and their trading partners, governments, regulators in targeted countries and investors globally. In addition, this book examines how the unique structure of these companies may affect resource security globally and touches on other related matters such as climate change, and air and water security in China.
Table of Contents
1. Economic Development, Resource Governance and Globalization: The Growth of China’s Resources Companies
Xinting Jia and Roman Tomasic
2. Resource Security and Corporate Social Responsibility Norms in the Governance of Globally Active Chinese State Owned Enterprises
Roman Tomasic and Ping Xiong
3. Extractive Governance, Environmental Management and Community Engagement: China vs. Global
4. CSR-related Risk Management in the Overseas Investments of Chinese Companies: Context, Dimensions and Effectiveness
Zhirong Duan and Peiyuan Guo
5. Challenging Issues in China’s Mining Industry: Human Resources and Others
6. China’s Rising Online Food Trading: Its Implications for the Rest of the World
7. Enforcement of Food Standards in China – Impact of the State-led Stakeholder Model of Corporate Governance
Jenny Fu and Geoff Nicoll
8. Water Security, Governance and Sustainable Development Goals in China-Radical Laws, Institutions and Courts
Jennifer McKay and Jin Zheng
Xinting Jia is an Environmental, Social and Governance (ESG) Specialist at CareSuper, Australia.
Roman Tomasic is Professor of Law, School of Law, University of South Australia, and Visiting Professor of Company Law, Durham University, UK.