Abstract
In the past half century, the private economy in China has grown from the marginal and supplementary element of the socialist construction, to a crucial and integral part of the state economy.1 Accordingly, the total registered capital of private enterprises has increased from approximately US$1.5 billion in the early 1990s to approximately US$150 billion in 2000. The period since the early 1990s has been one of extraordinary economic growth, particularly in the private sector, and the opening of new job and investment opportunities in the market.2
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© 2009 Reza Hasmath and Jennifer Hsu
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Yang, J. (2009). Red Capitalist: The Rising Chinese Private Entrepreneurs. In: Hasmath, R., Hsu, J. (eds) China in an Era of Transition. Palgrave Macmillan, New York. https://doi.org/10.1057/9780230620155_10
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DOI: https://doi.org/10.1057/9780230620155_10
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-1-349-37810-4
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