Is Entrepreneurship Missing in Shanghai?

Edited by Yasheng Huang and Yi Qian

in International Differences in Entrepreneurship

Published by University of Chicago Press

Published in print June 2010 | ISBN: 9780226473093
Published online February 2013 | e-ISBN: 9780226473109 | DOI:
Is Entrepreneurship Missing in Shanghai?

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This chapter looks at a wide-ranging government intervention aimed at structuring access to finance for large and small firms. The example of Shanghai, a city that has gone through a massive economic transformation over the past decade, is discussed. The empirical findings are based on the Chinese Industry Census, which is compiled by the National Bureau of Statistics. The chapter provides information on industrial firms across all ownership types that havea sales value above 5 million yuan. China as a whole has seen an enormous surge in entrepreneurship, while the level of entrepreneurship in Shanghai is conspicuously low. Shanghai has low levels of de novo private businesses—that is, those which were set up by new entrepreneurs during the transformation and did not emerge from existing state-owned enterprises (SOEs). The preferential treatment of former SOEs has come at a staggering social cost by actively discouraging self-employment as a means of remedial income generation. The chapter points to the potential role of entrepreneurship in affecting wealth distribution within the economy.

Keywords: entrepreneurship; Chinese industry census; state-owned enterprises; self-employment

Chapter.  11516 words.  Illustrated.

Subjects: International Economics

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