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Chinese Private Enterprises: Evolution and Challenges for Leadership

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Leadership of Chinese Private Enterprises

Part of the book series: Palgrave Studies in Chinese Management ((PSCMan))

Abstract

According to the IMF World Economic Outlook database, in 2014 China became the largest economy in the world, with a gross domestic product (GDP) of US$18.088 trillion (16.6 of the world total), based on purchasing power parity (PPP) valuation, surpassing the USA (US$17.348 trillion; 15.9 of the world total) (IMF 2015). It is an average GDP (PPP) per capita of $13,224, a growth of 42,764 % from 1980, the beginning of its economic reform period, when GDP (PPP) was US$309 per capita (IMF 2015). The estimated calculation of IMF data put China in the top position in 2015 in terms of PPP.

We would like to express our gratitude to Athena Du, Xuhong Li and Mu Tian for their assistance in statistics data collection.

The data listed in the chapter needs to be compared cautiously if they are from different sources. Different definitions are used in the data collection processes by different statistics groups.

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Notes

  1. 1.

    Yuan (CNY) is the currency of the PRC, also called renminbi (RMB). By the mid-market rate of 1USD = 6.16 CNY, 1 EUR = 7.57 CNY; www.xe.com, accessed 8 December 2014.

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Authors and Affiliations

  1. University of Notre Dame, Notre Dame, Indiana, USA

    Anne S. Tsui

  2. Peking University and Fudan University, Fudan, China

    Anne S. Tsui

  3. University of Washington, Seattle, Washington, USA

    Yingying Zhang

  4. CUNEF, Madrid, Spain

    Xiao-Ping Chen

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Tsui, A.S., Zhang, Y., Chen, XP. (2017). Chinese Private Enterprises: Evolution and Challenges for Leadership. In: Leadership of Chinese Private Enterprises. Palgrave Studies in Chinese Management. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-40235-6_1

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