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Relations between U.S. and Chinese corporations are increasingly strained. In this article, we examine how differences in the key domains of corporate governance, underlying corporate philosophy, innovation, and dispute resolution contribute to this strained relationship. We illustrate these differences by examining the relations between Skyworks Solutions (U.S.) and ZTE (China). We discuss the three broad strategies available to U.S. managers in engaging with Chinese corporations, depending on the extent of their involvement and comfort with discord: (1) playing ball, (2) straddling the middle ground, and (3) decoupling.

Cross-border mergers and acquisitions are gaining momentum in China. To be successful, acquiring companies must understand certain M&A idiosyncrasies that are specific to China.

The growing market in credits for greenhouse gas emission put into effect by the Kyoto Protocol will have an increasingly dramatic impact on firms' income statements as well as their balance sheets.