After more than 30 years of reformations in agriculture, manufacturing and trade and industry, China’s economy has grown to become the second largest in the world. This book examines the contributions of dynamic entrepreneurs to the economic development of mainland China and Hong Kong – an analysis that is largely lacking in existing studies China’s economic stronghold. This book adopts theories of entrepreneurship and market processes as major analytical frameworks to conclude that entrepreneurship is the true engine of growth in mainland China and Hong Kong.
Chinese Entrepreneurship focuses on the knowledge drivers and systemic challenges of these businesses to examine how entrepreneurs under uncertainty identify and pursue profit opportunities, and how their efforts have enhanced China’s economic dynamics.
This book offers vital insight to students, teachers and researchers of Chinese business and economics, along with Chinese culture and expanding economies.
Part I: The Theoretical Framework 1. Entrepreneurship in the History of the Austrian School of Economics Part II: Chinese Entrepreneurship in Theory and Practice 2. Entrepreneurship, Capital Structure and the Enterprise Reform: Zhang Ruimin and the Haier Group 3. Turning Trash Papers into Gold: Zhang Yin and her Paper Recycling Business 4. Entrepreneurial Alertness and Spontaneous Learning in the Market Process: The Case of Mama Moon in Guilin 5. Global Division of Labor and International Coordination: The Li & Fung Group 6. A Subjectivist Approach to Advertising: The Success of Vitasoy 7. Property Rights and Failure of Chinese Family Business Succession: The Killing of Yung Kee’s Golden Goose 8. An Austrian Theory of Competition and Entrepreneurship: The Supermarket War in Hong Kong 9. The Co-evolution of Culture and Technology: The Oyster Sauce Empire of Lee Kum Kee 10. African Entrepreneurs and International Coordination in Petty Businesses: The Case of Low-End Mobile Phones Sourcing in Hong Kong