ABSTRACT

The Chinese entrepreneurship landscape has undergone a significant transformation in the past few decades. Institutions influencing entrepreneurship have changed dramatically. During the Mao era, private entrepreneurship was virtually eradicated and was a political taboo. As reflected in macro-level economic data, there has been an evolution of entrepreneur-friendly institutions in the country. A constellation of factors linked to China's global integration is pushing through fundamental changes in institutions related to Chinese entrepreneurship. The logics or governance structures and organizing principles related to entrepreneurship are rapidly changing. Entrepreneurialism is booming in China. The evolution of entrepreneur-friendly institutions and China's quantum leap on the entrepreneurship front are reflected in macro-level economic data and Chinese companies' global performance, outreach and expansion. Institutional boundaries for economic activities are not well defined in China. The historical perception of entrepreneurship in China has been drastically different from that in market economies.