Six things China can do to become the world’s most entrepreneurial economy

Andrew Atherton

Six things China can do to become the world’s most entrepreneurial economy

Andrew Atherton

Research output: Contribution to journal › Article › peer-review

Abstract

After decades of the fastest economic growth in the world, China’s economy has started to slow down. This is perhaps inevitable, given an average annual growth rate of around 10% was sustained for almost thirty years following the economic reforms introduced by Deng Xiaoping in the late 1970s.

But one area where China continues to develop is in the number of private enterprises being started. China simplified the process for registering businesses in February 2014, and since then there has been a huge leap in the number of new registrations. According to the State Administration for Industry and Commerce, there were 3.65m new registrations in 2014, an increase of 46% on 2013.

These private businesses have driven China’s economic growth in recent decades, and their future prospects play an important role in the country’s continued transition to becoming the world’s largest economy.

Original language	English
Journal	The Conversation
Publication status	Published - 17 Feb 2015

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

Keywords

China
State owned enterprises
Economic growth
Entrepreneurs

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https://theconversation.com/six-things-china-can-do-to-become-the-worlds-most-entrepreneurial-economy-37191Licence: CC BY-ND

Cite this

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abstract = "After decades of the fastest economic growth in the world, China{\textquoteright}s economy has started to slow down. This is perhaps inevitable, given an average annual growth rate of around 10\% was sustained for almost thirty years following the economic reforms introduced by Deng Xiaoping in the late 1970s. But one area where China continues to develop is in the number of private enterprises being started. China simplified the process for registering businesses in February 2014, and since then there has been a huge leap in the number of new registrations. According to the State Administration for Industry and Commerce, there were 3.65m new registrations in 2014, an increase of 46\% on 2013. These private businesses have driven China{\textquoteright}s economic growth in recent decades, and their future prospects play an important role in the country{\textquoteright}s continued transition to becoming the world{\textquoteright}s largest economy.",

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N2 - After decades of the fastest economic growth in the world, China’s economy has started to slow down. This is perhaps inevitable, given an average annual growth rate of around 10% was sustained for almost thirty years following the economic reforms introduced by Deng Xiaoping in the late 1970s. But one area where China continues to develop is in the number of private enterprises being started. China simplified the process for registering businesses in February 2014, and since then there has been a huge leap in the number of new registrations. According to the State Administration for Industry and Commerce, there were 3.65m new registrations in 2014, an increase of 46% on 2013. These private businesses have driven China’s economic growth in recent decades, and their future prospects play an important role in the country’s continued transition to becoming the world’s largest economy.

AB - After decades of the fastest economic growth in the world, China’s economy has started to slow down. This is perhaps inevitable, given an average annual growth rate of around 10% was sustained for almost thirty years following the economic reforms introduced by Deng Xiaoping in the late 1970s. But one area where China continues to develop is in the number of private enterprises being started. China simplified the process for registering businesses in February 2014, and since then there has been a huge leap in the number of new registrations. According to the State Administration for Industry and Commerce, there were 3.65m new registrations in 2014, an increase of 46% on 2013. These private businesses have driven China’s economic growth in recent decades, and their future prospects play an important role in the country’s continued transition to becoming the world’s largest economy.

KW - China

KW - State owned enterprises

KW - Economic growth

KW - Entrepreneurs

M3 - Article

JO - The Conversation

JF - The Conversation

ER -

Six things China can do to become the world’s most entrepreneurial economy

Abstract

UN SDGs

Keywords

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