China 2.0

Henk R. Randau and Olga Medinskaya

Chapter 1 in China Business 2.0, 2015, pp 3-9 from Springer

Abstract: Abstract China transformed from a peasant society to the world’s second largest global economy within a single generation. With the opening of the economy and market reforms, entrepreneurial spirit has flourished: State-Owned Enterprises (SOEs) have been privatized, millions of Chinese have started new ventures, and China has taken advantage of its large labor force through low-cost manufacturing. But the PRC has come to a crucial juncture in its economic and social development. The current growth model is unbalanced towards exports and not sustainable in an environment of rising input costs. Thus, China’s growth in the next decade will depend on the country’s ability to move to the next stage of production through innovation and enhanced productivity and higher consumption through social stability (Fig. 1.1).

Keywords: Foreign Direct Investment; Chinese Leadership; Entrepreneurial Spirit; Social Welfare System; Peasant Society (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:mgmchp:978-3-319-07677-5_1

Ordering information: This item can be ordered from
http://www.springer.com/9783319076775

DOI: 10.1007/978-3-319-07677-5_1

Access Statistics for this chapter

More chapters in Management for Professionals from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().