Title

Introduction

Document Type

Book chapter

Source Publication

Developments in Chinese entrepreneurship : key issues and challenges

Publication Date

1-1-2016

First Page

xi

Last Page

xv

Publisher

Palgrave Macmillan

Abstract

China’s economic reforms have been ongoing for more than 30 years and the fruits of this move toward a free market system are becoming increasingly apparent. Initially, the reforms concentrated on improving the efficiency of state owned enterprises (SOEs), and the SOEs were reorganized with corporate structures and mandates to be profit making. At the same time, markets developed and competition became keener. Later, reforms focused on developing new industries. It was soon apparent, however, that the corporatized SOEs were not well-suited to developing completely new technologies and new forms of doing business. China’s government therefore began encouraging individuals to start up new business ventures. The government decided to tap the innate entrepreurial spirit that lies within people, a spirit that had been long suppressed under the centralized state planning system in place since the 1950s.

Publisher Statement

Copyright © Douglas Cumming, Michael Firth, Wenxuan Hou, and Edward Lee, 2015. Access to external full text or publisher's version may require subscription.

Additional Information

ISBN of the source publication: 9781349681891

Full-text Version

Publisher’s Version

Recommended Citation

Cumming, D., Firth, M., Hou, W., & Lee, E. (2016). Introduction. In D. Cumming, M. Firth, W. Hou, & E. Lee (Eds.), Developments in Chinese entrepreneurship: Key issues and challenges (pp. xi-xv). New York: Palgrave Macmillan.

Share

COinS