When China implemented its first economic reforms in 1978, the government accounted for more than 90 percent of GDP. By 2005, public sector contributions to GDP represented less than 50 percent. Does this mean entrepreneurs are thriving?
The plight of entrepreneurs in China has been the subject of much debate among startup communities outside China. It is especially fascinating for researchers and policy analysts monitoring the progress and potential of China’s economic transformation. To change from the government accounting for 90 percent of GDP in 1978 to less than 50 percent today speaks volumes about the comfort level China’s strong government has in entrepreneurs as innovators.
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To read the original article: Whats Ahead for Chinas Entrepreneurs - Entrepreneurship.org
