Exposed to powerful new economic forces, and undergoing dramatic ownership reforms and technological changes, China's industries are modernizing at a breakneck pace. In many industries, the outcomes have been chaotic and poorly aligned with societal objectives. This book analyses the transformation and modernization of China's industries through a detailed investigation of the wool and wool textile industries. The authors argue that to remain internationally competitive in the post WTO accession era, Chinese industries need to confront a critical new phase in the modernization process - that of improving management practices and industry co-ordination.Modernizing China's Industries is a comprehensive, integrated and in-depth investigation of industry transformation and modernization. The extensive first-hand research, across a range of industry segments and participants, spans almost two decades. The analysis reveals much about industry modernization and transition in China for a broad range of industries and therefore provides invaluable information for developing strategies and accessing opportunities within China.

This book offers unique insights for academics and researchers in Asian studies, transition studies and industrial transformation, as well as policymakers and industry leaders interested in both the intricacies and mega-forces involved in China's industrial modernization. The comprehensive industry analysis also provides a valuable reference for professionals in the increasingly China-centric world of wool and wool textiles as well as offering insights for other textile industry professionals.