Better mousetraps
Article Abstract:
China's phenomenal growth rate since 1979 has ben possible due to low labour costs, infrastructure investment and the use of foreign-originated innovation. However, some Chinese companies are beginning to face competition, and they are turning to research and development to maintain their competitive edge. There are factors hindering innovation, including the traditional system of concentrating research effort in institutes and universities rather than business, but companies, individuals and the government are beginning to find new systems and opportunities.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
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Capitalists to the rescue
Article Abstract:
Private enterprise is being increasingly regarded as a way of overcoming China's economic difficulties. However, private companies still do not enjoy the same status as state concerns. They face many difficulties, including going public and obtaining bank loans. The private sector expanded by 22% in 1997, accounting for 11.3% of GDP. By the end of 1997, China had around 29.5 million private concerns employing 68 million people, many of whom formerly worked for state firms.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1998
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