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The paradox of communist entrepreneurs in China

Marquis, Christopher and Qiao, Kunyuan (2018) The paradox of communist entrepreneurs in China. LSE Business Review (06 Nov 2018). Blog Entry.

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The Chinese economy has grown phenomenally over the past 40 years since it was opened to the outside world. In recent decades, the private sector in particular has been the engine of this growth, contributing to more than 60 per cent of China’s GDP (US$12,237.7 billion), extensive fixed-asset and outbound investment, 80 per cent of jobs, and 70 per cent of technological innovation and new products according to a recent report by the China Daily. About 27 million entrepreneurs and their ventures make up the private sector of the Chinese economy, and interestingly, 20–25 per cent of them are communists. Most of these communist entrepreneurs joined the Communist Party of China before establishing their businesses.

Item Type: Online resource (Blog Entry)
Official URL:
Additional Information: © 2018 The Author(s)
Divisions: LSE
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Date Deposited: 10 May 2021 14:00
Last Modified: 16 May 2024 10:13

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