22May/17Off
Entrepreneurship in China
The BFA case illustrates the Chinese method, in which the central government creates an industrial policy, then provides funding, infrastructure, R&D, private sector incentives, capital and educational resources to intensify the chances of success. Startups get a leg up in a favored sector, which means that entrepreneurs may start companies that stay alive, even if they are not long-term winners in the race to find customers and profits.
But once a company gains traction, they have access to a home market unlike any in the world.
See the full blog here: http://www.nickdemartino.net/blog/2017/5/22/entrepreneurship-in-china.html