That is a common misconception and not true. You probably hear about some large state-run enterprises but >84% of businesses in China are private. Today there are several times more private businesses in China than in the US. I work closely with someone who owns their own business in Shenzhen and it doesn’t sound that different than in America.
That is a common misconception and not true. You probably hear about some large state-run enterprises but >84% of businesses in China are private. Today there are several times more private businesses in China than in the US. I work closely with someone who owns their own business in Shenzhen and it doesn’t sound that different than in America.
https://bigdatachina.csis.org/can-chinese-firms-be-truly-private/