Fostering Entrepreneurship and Enterprise Development in China: A Policy Review

Shaoming Cheng

Abstract


Entrepreneurship has become vital to the success of a company and economic growth. There is increasing evidence to show significant correlation between entrepreneurship and economic growth. Countries in the world are experiencing a surge of interest in the formation of new businesses especially in the developing world. This escalating interest of entrepreneurship has become a focal strategy of regional and national economic development in many regions and countries. Strong emphasis on enterprise development as a platform for economic development is thus an important dimension in development policy.


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