• Peter J. Peverelli
  • Jiwen Song


Official political parlance has it that the planned economy of the first decades of the PRC has been gradually replaced by a market economy from the beginning of the 1980s. However, researchers in this field seem to agree to a high degree that reality is considerably more complicated. Instead of one replacing the other, it seems to be more appropriate to conclude that singular situation of planned economy has been complicated by adding a number of economies, varying in degree of ‘plannedness’. A centrally planned system is still intact for part of the economy, while another part is completely deregulated. However, in between we can find a number of economies that are only planned to a certain extent. This means that government relations remain an important concern for entrepreneurs and entrepreneurship in China (Peverelli 2000; Dickson 2003; Yang 2007).


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Copyright information

© Springer-Verlag Berlin Heidelberg 2012

Authors and Affiliations

  • Peter J. Peverelli
    • 1
  • Jiwen Song
    • 2
  1. 1.Management & OrganizationVU UniverstiyAmsterdamThe Netherlands
  2. 2.School of BusinessRenmin University of ChinaBeijingPeople’s Republic of China

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