Entrepreneurship in China: a review of the role of normative documents in China’s legal framework for encouraging entrepreneurship

The objective of the article is to provide an overview of the Chinese legal framework while examining the laws and legal provisions influencing entrepreneurship in China for both Chinese and foreigners, arguing that the current legal environment encourages domestic entrepreneurship and foreign inves...

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Main Authors: Kenneth-Southworth, Ernest, Watters, Casey, Gu, Chuning
Format: Article
Language:English
Published: Centre for Strategic and International Entrepreneurship, Krakow, Poland 2018
Subjects:
Online Access:https://eprints.nottingham.ac.uk/56155/
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author Kenneth-Southworth, Ernest
Watters, Casey
Gu, Chuning
author_facet Kenneth-Southworth, Ernest
Watters, Casey
Gu, Chuning
author_sort Kenneth-Southworth, Ernest
building Nottingham Research Data Repository
collection Online Access
description The objective of the article is to provide an overview of the Chinese legal framework while examining the laws and legal provisions influencing entrepreneurship in China for both Chinese and foreigners, arguing that the current legal environment encourages domestic entrepreneurship and foreign investment. Research Design & Methods: This article explores the legal environment for entrepreneurship in China by taking a comparative and normative approach to introducing several recent initiatives established through normative documents. Findings: As China seeks to transform from an export economy towards a domestic consumption model, the government is increasing implementing initiatives to encourage domestic entrepreneurship. The majority of these initiatives are established through normative documents that, while not technically defined as law, nevertheless have legal effect. Implications & Recommendations: It argues that the legal framework is principally targeted at domestic entrepreneurship but has also benefited foreign entrepreneurship. Contribution & Value Added: This article is unique in that it explores the role of normative documents in Chinese initiatives to encourage entrepreneurship. In conclusion, China has invested heavily both economically and legally in the encouragement of entrepreneurship and in the cooperation between domestic and foreign entrepreneurs.
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spelling nottingham-561552019-02-21T10:39:55Z https://eprints.nottingham.ac.uk/56155/ Entrepreneurship in China: a review of the role of normative documents in China’s legal framework for encouraging entrepreneurship Kenneth-Southworth, Ernest Watters, Casey Gu, Chuning The objective of the article is to provide an overview of the Chinese legal framework while examining the laws and legal provisions influencing entrepreneurship in China for both Chinese and foreigners, arguing that the current legal environment encourages domestic entrepreneurship and foreign investment. Research Design & Methods: This article explores the legal environment for entrepreneurship in China by taking a comparative and normative approach to introducing several recent initiatives established through normative documents. Findings: As China seeks to transform from an export economy towards a domestic consumption model, the government is increasing implementing initiatives to encourage domestic entrepreneurship. The majority of these initiatives are established through normative documents that, while not technically defined as law, nevertheless have legal effect. Implications & Recommendations: It argues that the legal framework is principally targeted at domestic entrepreneurship but has also benefited foreign entrepreneurship. Contribution & Value Added: This article is unique in that it explores the role of normative documents in Chinese initiatives to encourage entrepreneurship. In conclusion, China has invested heavily both economically and legally in the encouragement of entrepreneurship and in the cooperation between domestic and foreign entrepreneurs. Centre for Strategic and International Entrepreneurship, Krakow, Poland 2018-12-22 Article PeerReviewed application/pdf en cc_by_nd https://eprints.nottingham.ac.uk/56155/1/untitled.pdf Kenneth-Southworth, Ernest, Watters, Casey and Gu, Chuning (2018) Entrepreneurship in China: a review of the role of normative documents in China’s legal framework for encouraging entrepreneurship. Entrepreneurial Business and Economics Review, 6 (4). pp. 71-85. ISSN 2353-883X China; business law; entrepreneurship; entrepreneurship policy https://eber.uek.krakow.pl/index.php/eber/article/view/404 doi:10.15678/EBER.2018.060404 doi:10.15678/EBER.2018.060404
spellingShingle China; business law; entrepreneurship; entrepreneurship policy
Kenneth-Southworth, Ernest
Watters, Casey
Gu, Chuning
Entrepreneurship in China: a review of the role of normative documents in China’s legal framework for encouraging entrepreneurship
title Entrepreneurship in China: a review of the role of normative documents in China’s legal framework for encouraging entrepreneurship
title_full Entrepreneurship in China: a review of the role of normative documents in China’s legal framework for encouraging entrepreneurship
title_fullStr Entrepreneurship in China: a review of the role of normative documents in China’s legal framework for encouraging entrepreneurship
title_full_unstemmed Entrepreneurship in China: a review of the role of normative documents in China’s legal framework for encouraging entrepreneurship
title_short Entrepreneurship in China: a review of the role of normative documents in China’s legal framework for encouraging entrepreneurship
title_sort entrepreneurship in china: a review of the role of normative documents in china’s legal framework for encouraging entrepreneurship
topic China; business law; entrepreneurship; entrepreneurship policy
url https://eprints.nottingham.ac.uk/56155/
https://eprints.nottingham.ac.uk/56155/
https://eprints.nottingham.ac.uk/56155/