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Cover Story: China’s Family-Run Businesses Face Succession Issues

By Zhang Erchi and Han Wei
2023年10月30日 07:08
Millions of China’s family businesses are passing on the leadership baton to second generation “factory heirs” at a time when the the world’s second - largest economy is facing unprecedented changes

China’s economic boom over the past four decades has driven the flourishing of private entrepreneurship and led to the emergence of tens of millions of family businesses that have contributed to the country’s rise as a global manufacturer. Now, many of these businesses are facing a common challenge: passing the baton to second-generation owners

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