Abstract
This chapter provides a detailed discussion of the present status of family business in China, with emphasis on defining family business in China, prevalence of family business, employment in family business, marketization and family business, individual characteristics of family entrepreneurs, and the differences between family and non-family businesses.
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Notes
- 1.
In a broad sense, the term “private enterprise” refers to all economic components except state-owned and state-controlled enterprises. “Domestic-funded private enterprises” refers to the broad private economy except the Sino-foreign joint ventures, enterprises with Sino-foreign cooperation, wholly foreign-owned enterprises, and Hong Kong, Macao, and Taiwan-invested enterprises. In a narrow sense, the private economy refers to the economies of private enterprises and privately controlled corporates. We discuss the private economy in a narrow sense.
- 2.
Xi, J. (2018, November 1). Private sector speech at the enterprise forum. Xinhua News Agency.
- 3.
Press conference of the Second Session of the 13th National People’s Congress, March 6, 2019.
- 4.
In Southeast Asia, business group often uses a pyramid structure of ownership in which separate control rights might deviate from cash flow rights.
- 5.
Although the national private economy sample survey data includes a large and widely distributed sample of the national private economy, it still cannot be used as an unbiased estimate of the family business population in a statistical sense. Therefore, according to the data in this report, in estimating the overall situation of Chinese family businesses, attention should be paid to possible unpredictable biases.
- 6.
The household registration system in China was initially established in the late 1950s. It was designed to limit population migration especially from rural to urban areas. Right now the system is still used to control population mobility and to determine the eligibility of social welfare.
- 7.
Twelve questionnaires were missing, which accounted for 0.3%
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Chen, L., Zhu, J.A., Fang, H. (2021). Family Business in China: Present Status. In: Family Business in China, Volume 2. Palgrave Macmillan Asian Business Series. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-51402-0_2
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