ANALYSIS OF COMPETITION AND COLLABORATION OF LOCAL BUSINESSES WITH CHINESE COMPANIES IN THE GLOBAL MARKET
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Abstract
This study examines the competitive and collaborative dynamics between local businesses and Chinese enterprises in global markets. Key issues include China's competitive advantages, such as state-backed innovation and low-cost production, which challenge local businesses' market positioning. The objectives are to analyze competitive strategies, cultural and economic factors influencing market entry, and the role of supply chain collaboration in improving resilience. Using a systematic literature review of 83 relevant journal articles, the research highlights critical insights into competitive pressures, opportunities for collaboration, and policy implications for local businesses. Findings reveal that local businesses must leverage unique local advantages, enhance innovation, and adapt culturally sensitive strategies to thrive amidst China's growing influence. Additionally, collaborative supply chain approaches and internationalization of small and medium enterprises (SMEs) emerge as pivotal strategies. This study underscores the need for policy reforms to support local enterprises in navigating challenges posed by China's global expansion while capitalizing on potential partnerships. The findings contribute to developing actionable strategies for sustainable growth and competitive advantage in increasingly interconnected markets.
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