Startups Creation and Development in China

  • Aisen Afanasievich LARIONOV North-Eastern Federal University, Yakutsk, Russian Federation
  • Evgeniy Fedorovich AVDOKUSHIN Moscow Pedagogical State University, Russian Federation
  • Galina Ivanovna RATZ North-Eastern Federal University, Russian Federation

Abstract

The reform of the economic system in China initiated under the leadership of Deng Xiaoping in the late 70s of the 20th century included as the main components and mechanisms the gradual and consistent elimination of the state’s status of a monopoly economic entity. The economic reform was aimed at, first, the de-collectivization of the agricultural sector, the gradual implementation of individual and private forms of ownership, private economy management, and the transition from an administrative-command model of economic management to the use of commodity-money, and then market methods of economy management at the determining and directing role of the state. An open-door policy and foreign economy, as well as the use of the global economy mechanisms and potential, have become the most important components of economic reform and the entire development model of the Chinese economy.

References

[1] Avdokushin, E.F. 2010. Innovacionnaya ystema Kitaya [Innovation system of China]. Issues of the New Economy 1(13): 23-25.
[2] Dyhanie Kitaya. 2016. [The breath of China]. Rossiiskaya gazeta: Spetsvypusk, December 13, 2016, 33.
[3] Karlusov, A.P., and Kudik, A.P. 2017. China. In Mirovaya ekonomika I mezhdunarodnye ekonomicheskie otnosheniya [The world economy and international economic relations], Textbook, edited by A.S. Bulatov, Chapter 18, 485-520. Moscow: KNORUS.
[4] Klimova, N.V., and Glushchenko, O.S. 2018. Innovacionnoe predprinimatel’stvo v Kitae [Innovative entrepreneurship in China]. Fundamental Research 10: 14.
[5] Krasnushkina, N., and Butrin, D. 2019. Zakipayushchijcifrovojkotel [Boiling digital boiler]. Kommersant, April 4, 2019.
[6] Larionov, A.A. 2019. Razvitie malogo I srednego biznesa v Kitae: ot edinolichnyh dvorov do kompanij-‘edinorogov’ [Development of small and medium-sized businesses in China: from individual courtyards to unicorn companies]. Issues of the New Economy 4: 62-67.
[7] Liu, Zh. 1992. People’s scientific and technical enterprises: the way to fill the vacuum. Guāngmíng Rìbaò, March 25, 1992 (in Chinese).
[8] Ministry of Science and Technology of the PRC. N.d. http://www.most. gov.cn/.
[9] Nanjing daxuexuebao. 2014, December 17 (in Chinese).
[10] Ostrovskii, A.V. ( ed.) 2019. Ekonomika KNR v svetereshenij XIX s’ezda KPK [Chinese economy in the light of the decisions of the XIX Congress of the CPC]. Moscow: Institute of the Far East, Russian Academy of Sciences, 24.
[11] Peremitin, G. 2016. Poiskna 13,5 mlrd doll [Search for 13.5 billion dollars]. Ros Business Consulting (RBC), April 15, 2016.
[12] Russian. News.CN. Xinhua News. 2017. Dolyasektorauslug v VVP Kitayadostiglarekordnogourovnya v 2016 g [The share of the service sector in China’s GDP reached a record level in 2016]. http://russian.news.cn/2017-01/20/c_135999917.htm.
[13] Skosyrev, V. 2019. V protivostoyanii s SSHA Pekin delaet stavku na chastnyj ystem [In the confrontation with the US, Beijing relies on the private sector]. Nezavisimaya Gazeta [Independent Newspaper], September 11, 2019.
[14] Trade Representation of the Russian Federation in the People’s Republic of China. 2016. Godovoj obzor sostoyaniya ekonomiki I osnovnyh napravlenij vneshneekonomicheskoj deyatel’nosti Kitajskoj Narodnoj Respubliki v 2015 [Annual review of the state of the economy and main foreign economic activity directions of the People’s Republic of China in 2015]. http://91.206.121.217/TpApi/Upload/3459cc1a-36d4-44d0-90d6-f62a4cc03848/Economics_China_2015.pdf.
[15] Varlamov, D. 2019. Kak rajon Pekina oboshel po dohodam Kremnievuyu dolinu [How the district of Beijing surpassed Silicon Valley in revenue]. https://digital.ac.gov.ru/news/1357.
Published
2020-06-15
How to Cite
LARIONOV, Aisen Afanasievich; AVDOKUSHIN, Evgeniy Fedorovich; RATZ, Galina Ivanovna. Startups Creation and Development in China. Journal of Advanced Research in Law and Economics, [S.l.], v. 11, n. 4, p. 1191-1199, june 2020. ISSN 2068-696X. Available at: <https://journals.aserspublishing.eu/jarle/article/view/5313>. Date accessed: 15 aug. 2020. doi: https://doi.org/10.14505//jarle.v11.4(50).15.