Chinese Entrepreneurship In A Global Era

As we enter the 21st century it is clear that the economic growth China has enjoyed has been extraordinary. Although Western countries continue to dominate the world economy and financial markets, the capital markets of Hong Kong, Singapore, Shanghai, and Shenzen have matured considerably and are eager to become major global players.As business own

Yeung examines 'overseas' Chinese capitalism in East and Southeast Asia in a time of accelerated globalization and the evolution of Chinese capitalism through the participation of political and business elites in the global economy.

Entrepreneurship is recognised as an integral element of economic advancement and social force. Chinese entrepreneurship has contributed to business success in the greater China area including Mainland China, Hong Kong, Taiwan and the Chinese diaspora around the world. Chinese entrepreneurs are well known for their adaptability, flexibility, resilience and ingenuity in venture creation, management style, organisational structure, and business process. These unique characteristics are embedded in Chinese culture and supported by Chinese values. At the same time, Chinese entrepreneurs are open to change. With socio-political transformation within China in the past three decades, integration of China's economy into the global market, and the wide spreading of Chinese businesses to other parts of the world, Chinese entrepreneurs have increasingly absorbed modern entrepreneurial norms, practice and spirit. Social entrepreneurship has become a new force in the social process. In this new entrepreneurial era, the influence of culture and tradition remains strong. The cultural and historical effects intricately interact with rapid changes in social, economic and political institutions. This has led to a high degree of continuity of the unique characteristics of Chinese entrepreneurship and significant alterations in how businesses are organised and conducted. Contemporary Chinese entrepreneurship has and will continue to play a significant part in global economic development.

The Chinese economy has grown faster for a longer period than any other economy in the world. It is now the second, and will soon become the largest, global economy. This is an astonishing transformation of a country that in the late 1970s was one of the poorest in Asia. Central to this economic miracle has been the emergence of a private sector of entrepreneurs who have started and grown businesses of all sizes and types. This book explores these wealth creators and builders of China’s new economy, and offers guidance on the best ways to work with China’s entrepreneurs and their growing businesses. Entrepreneurship in China looks at the dynamic and changing nature of entrepreneurship, and the need for entrepreneurs to refine, adapt and evolve their approaches within an uncertain, fast-changing and volatile environment. This book examines the distinctive and particular context of China for entrepreneurs, and offers insights into how entrepreneurship has emerged as the driver of China’s economy. This book will benefit business people, policy makers and researchers seeking to understand Chinese entrepreneurship and offers guidance to practitioners interested in working with private Chinese businesses.

Through a collection and juxtaposition of various case studies, this volume offers a wide-ranging exploration and evaluation of Chinese entrepreneurship in contemporary Asian contexts.

Jane Duckett describes in detail new state business activities in China and explains why they have appeared. Using research on the northern city of Tianjin during the 1990s, she argues that individual departments, within the Chinese state, are involved in the market economy through the establishment of their own businesses. The book demonstrates that many of these businesses are genuinely entrepreneurial in the sense of profit-seeking, risk-taking and productive, rather than rent-seeking, speculative or profiteering. This entrepreneurialism is an important new dimension of state activity in China with implications for our understanding of the Chinese state. This book develops an alternative to the local government state model and emphasises instead the State's dynamic, entrepreneurial role in the process of economic reform.

Chinese Capitalism in a Global Era examines the dynamic ways in which millions of ethinic Chinese in East and Southeast Asian economies organize their economic activities. It analyses how Chinese capitalism has changed under conditions of contemporary globalization and anticipates what the future holds for it. The book challenges the conventional notion of Chinese cpitalism as 'crony capitalism', based around kinship networks and untouched by globalization.