Does human resource management matter in a transitional economy? China as an example

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When Does Guanxi Matter? Issues of Capitalization and Its Dark Sides: (2008, background): “Recent studies by Guthrie (1998) and Law, Tse, and Zhou (2003) have noted guanxi’s declining role in explaining firm performance in China.”
The Formation of Managerial Networks of Foreign Firms in China: The Effects of Strategic Orientations (2005, methodology): “According to Larson (1992) , networks offer advantages specific to entrepreneurial firms.”
Strategic human resource management, firm performance, and employee relations climate in China (2008, background): “Law et al. (2003) concluded from their research that for SOEs, the more powerful the HR departments (and thus the more political the organization), the Firms that are able to attract, recruit, and retain talent via HRM gain a competitive edge in the dynamic market.”
Market orientation, HRM importance and competency: determinants of strategic HRM in Chinese firms (2005, background): “( 2003 ) found that the emphasis on the strategic role of HRM contributed to the performance of Chinese firms across different ownerships.”
Human resource development and organizational values (2007, result): “This is not surprising as similar concerns have been reported in countries like China and New Zealand (Edgar, 2003; Law et al., 2003).”