중국 지역별 창업 생태계 분석 및 시사점: 청두, 우한을 중심으로 (Analysis of the Chinese Regional Startup Eco-System and its Implications: With a Focus on Chengdu and Wuhan)

Jonghyuk Oh (), Jinhee Pak () and Hongwon Kim ()
Additional contact information
Jonghyuk Oh: Korea Institute for International Economic Policy
Jinhee Pak: Korea Institute for International Economic Policy
Hongwon Kim: Korea Institute for International Economic Policy

No 16-13, Policy Reference from Korea Institute for International Economic Policy

Abstract: Korean Abstract: 중국은 경제성장 둔화와 이에 따라 늘어나는 취업난에 대응하고자 창업을 적극 강조하고 있다. 2016년부터 추진 중인 「13차 5개년 규획」에서도 누구나 창업이 가능한 환경을 조성하고, 모든 사람이 혁신의 주체가 된다는 의미의 '대중창업, 만중혁신(大众创业, 万众创新)'과 기술기반의 창업자를 의미하는 ‘촹커(创客)'육성이 주요 키워드로 등장했다. 또한 전국적으로 인큐베이터 형태의 '대중창업공간(众创空间)' 설립이 확대되고 있다. 이에 본 보고서는 변화하는 중국의 창업 현황과 투자, 정책 방향에 대해 파악하고, 나아가 한국과의 창업 협력이 기대되는 쓰촨성 청두시(四川省 成都市)와 후베이성 우한시(湖北省 武汉市)의 창업 생태계에 대한 분석과 시사점을 도출했다. English Abstract: The Chinese government has been actively supporting startups in response to the slowdown in economic growth and the sluggish job market. In its 13th Five-Year Plan (2016-2020), the concepts of Dazhong Chuangye ,which signifies mass entrepreneurship and innovation, and Chuangke, which translates into "technical makers," have emerged as main keywords. In addition, the establishment of business incubator spaces called Zhongchuang kongjian,meaning "maker-spaces for the people," is expanding nationwide. Following the trend, leading cities for startups such as Beijing, Shenzhen and Shanghai, as well as other local governments, are making every effort to create a startup eco-system. Among these, Chengdu in Sichuan Province and Wuhan in Hubei Province are gaining attention. In this report, we analyze the changing trends, investment and policy directions for startups in China. We also further analyze the entrepreneurial eco-system of Chengdu and Wuhan to draw implications for future cooperation. The number of China's startups in 2015 was 4,439,000, rising to the highest ever. The hottest sector for startups was in the area of services, more particularly internet, culture and education services. Startups must overcome very fierce competition for survival, as the percentage of expert-led startups is small and startups are concentrated in similar target sectors. Investment for startups also recorded a historic amount. Along with the collapse of the stock market, unicorn companies have suffered a drop in profitability and investment for startups looks to have shrunk in the first half of 2015. However with vigorous fund exit taking place through the "new third board" OTC (over the counter) market, China remains the second-largest in number of unicorn companies in the world after the United States....(The rest is omitted.)

Pages: 123 pages
Date: 2016-12-30
New Economics Papers: this item is included in nep-pay and nep-tra
Note: Downloadable document is available in Korean.
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ssrn.com/abstract=2945956 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:kiepre:2016_013

Access Statistics for this paper

More papers in Policy Reference from Korea Institute for International Economic Policy [30147] 3rd Floor Building C Sejong National Research Complex 370 Sicheong-daero Sejong-si, Korea. Contact information at EDIRC.
Bibliographic data for series maintained by Juwon Seo ( this e-mail address is bad, please contact ).