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The report examines the role of private family-run enterprises and the challenges they face in the near future.

IE China Center co-hosted today with Cheung Kong Graduate School of Business the webinar, “Understanding Family Businesses in China: the Path, the Trend, and the Future,” to launch a joint report examining the role of private family-run enterprises and the challenges they face in the near future.

Since China’s economic reforms in 1978, huge numbers of private family enterprises have been set up and now play a major role in the economy. Many statistical sources suggests the contribution of the private sector to GDP in China has grown to at least 60% in recent years, of which 85% are from family-owned private enterprises, making a major contribution toward technological innovation, as well as creating jobs. Now, with the post-pandemic economic recovery, private family-run enterprises in China play a more significant role than ever before.

23 Nov 2020