A Historical Review of Chinese Business Policies and the Development of SMBs
The role that small and medium businesses play in Chinas economy is significant. By the end of 2009, they accounted for 99.8％ of the countrys enterprises, 60％ of GDP and 75％ of job opportunities. However, the development of SMEs in China has a very close relationship with the perspective the government has of the SME sector. This study provides a historical review of Chinese business policies from the Qin Dynasty (221 - 206 B. C.) to the present, which includes eleven major dynasties and periods. Business policies have moved in cycles of tightening and loosening. Chinas economy has always gained significant growth when the business sector was favoured by the government. The study also finds that in recent Chinese history, merchants gradually gained status and have increasing freedom to run their businesses independent from government control. Influential factors such as Chinese history, culture, and macro and micro environments can have an impact on the development of Chinese SMBs. The findings provide a historical context from which the present Chinese government can extract lessons because from the perspective of historical development, the Peoples Republic of China (PRO can be viewed as the current period in Chinese history. Therefore, this paper suggests that it is important for the Chinese Communist Party (CCP) to learn from the past and formulate proper principles, policies, and regulations to increase peoples living standards and provide free, fair and stable social conditions, which can help the growth of the business sector and therefore the Chinese economy.
China patterns in economic development status of merchants
Lei Ye David Tweed Paul Toulson
Massey University, New Zealand
国际会议
杭州
英文
540-548
2011-10-15（万方平台首次上网日期，不代表论文的发表时间）