ABSTRACT
Having a sound business plan is only the beginning. The plan needs to be put into practice. The available means of doing business vary among different economies. In China, a business idea can be materialized in various forms, depending on the type of ownership. For decades, there were virtually only two kinds of business entities in China – state-owned enterprises and collectively owned enterprises – because China had a command economy and private property rights were not recognized. However, as China has adopted various economic reforms and embarked on developing a socialist market economy, other types of business entities have gradually emerged.
