This paper reviews the development and contribution of private businesses to the Chinese economy. The political and market environment are analyzed to picture the current position of private businesses in the national economy. Major characteristics of private businesses and their owners are presented through three survey results conducted in different periods. Managerial implications, in terms of macro environment, competition, resources, management structure and governance, and leadership and human resources are discussed.
Chow, K. W. C., Lau, C. M., & Ngo, H. Y. (1997). Private businesses in China: Emerging environment and managerial behavior (HKIBS Working Paper Series 017-978). Retrieved from Lingnan University website: http://commons.ln.edu.hk/hkibswp/12