The Chinese Entrepreneurship Way

Preface

Today, China is the second largest economy in the world, and it stands poised to become the largest. The country is on track for a transformation to an economic model based largely on domestic consumption and on services. China has more than US$ 3.2 trillion in foreign reserves. By the year 2025, the Chinese government plans to build 221 cities with more than one million inhabitants, and another eight hyper-modern megacities which would be home to more than 10 million people. It has been estimated that by 2020 the Chinese middle class will rise to 600 million people, with total consumption of US$ 4.8 trillion, making it the second-biggest consumer market after the US. Like the US, China has three domestic companies included in the top ...