China runs on Family Corp

From The Press Trust of India:

Over 90 per cent of private businesses in China are family owned with the younger generation dominating the Communist trading giant’s global push.

Family-run businesses form the core of China’s private enterprises. More than 90 per cent of three million plus such businesses are family owned and among such enterprises, the vast majority are operated according to family-style management, the first-issue of the “Report on the Development of China’s Private Enterprises” says.

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