Advances in Economics and Business Vol. 1(2), pp. 72 - 88
DOI: 10.13189/aeb.2013.010204
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Chinese Entrepreneurship: Institutions, Ecosystems and Growth Limits


Wei Zhao*, Frank La Pira
Ecole Supérieure de Commerce Saint-Etienne, Address: 51-53, cours Fauriel BP 29, 42009 Saint-Etienne, France

ABSTRACT

This article gives an entrepreneurial perspective on the competitiveness of China’s industries in the economic globalization, especially since the 2008 financial crisis. It explains above all how China gained the traditional competitiveness (from comparative advantage to competitive advantage) through rapid technological learning of its entrepreneurial firms. Behind these firms, it was the Chinese State as an ensemble of economic actors who had strong incentives to grow the whole industrial production aggressively. During the global financial crisis and recession, China took the lead in the turnaround. Now, it is expected to take the lead in the next cycle of economic growth. However, the external foundation underpinning China's fast growth is in serious disarray. The shifting globalized economy is challenging the Chinese entrepreneurs and its growth model. The paper gives some clues on what China should do to be competitive in the future. The empirical part of the research is based on Chinese macroeconomic data and in-depth firm level interviews in China during a long period of time.

KEYWORDS
Entrepreneurship, China, Economic Policy, Global Value Chain, Innovation, Business Ecosystem, Technological learning

Cite this paper
Wei Zhao , Frank La Pira . "Chinese Entrepreneurship: Institutions, Ecosystems and Growth Limits ." Advances in Economics and Business 1.2 (2013) 72 - 88. doi: 10.13189/aeb.2013.010204.