This book focuses on the strategic challenges, strategic responses, and strategies for China's state-owned enterprises (SOE), which face significant challenges from a nationwide economic transformation towards a market economy, from rapid globalization and from increasing industrial competition. The book is based on research which has identified the dominant challenges and forces for change in China, the nature of SOE responses to those forces, and SOE performance in making the necessary transformations to compete in a global business environment. - Includes a detailed discussion of a methodology for study in an emerging economy - Key holistic model included (developed on the concept of business strategy), which has proved to be an effective analytical tool in studying the patterns of strategic behaviours of SOEs in the research of emerging economies - Critical case analyses on six major Chinese SOE players in different industries