Machine generated contents note: 1.Introduction -- Government Policies toward Foreign Multinationals -- Trends of Foreign Direct Investment -- Organizing Framework -- 2.Foreign Entry Strategies -- The Automobile Industry: A Case Study -- Entry Mode and Location Choices -- Post-Entry Strategies -- 3.Emergence of Local Competitors -- The Consumer Products Industry: A Case Study -- The Restructuring Process -- Privatization and Firm Performance -- Productive New Entrants -- Spillover from Foreign Multinationals to Local Firms -- 4.Competition Between and Among Foreign and Local Firms -- The Telecom Industry: A Case Study -- Industry Competitive Dynamics -- Intellectual Property Rights in China -- Emerging Winners from the Competition -- 5.Performance of Foreign Firms -- The Beer Industry: A Case Study -- Spillover, Competition, and Firm Survival -- Profitability of Foreign Firms and Income Shifting -- 6.Competing for the Future -- The Steel Industry: A Case Study.