THE DEVELOPMENT OF CHINA'S PRIVATE ENTREPRENEURSHIP

Sandy S. Chau
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Sandy S. Chau: Lingnan College, Hong Kong, China

Journal of Enterprising Culture (JEC), 1995, vol. 03, issue 03, 261-276

Abstract: This paper serves as a review on the recent growth of private entrepreneurship in China. Since the economic reform began, private enterprise has become one of the fastest growing segments of China's economy. Prior to December 1978, when private sector activities were legalized, China had a mere 150,000 registered self-employed workers. In 1981, the State Council specified the size and scope of private sector activities in which urban 'geti hu', or individual households, were allowed to operate. In 1987, Beijing allowed for a second classification of private entrepreneur, the 'siying giye', or private enterprise with more than eight employees. Based on two major national surveys in 1992 and 1993 on private enterprises, this paper reports on this new breed of Chinese private entrepreneurship.

Date: 1995
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DOI: 10.1142/S0218495895000143

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