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People's Daily Online>>China Business

Succession problem threatens China's family firms (3)

(Xinhua)

08:41, December 13, 2011

The function of family businesses in ensuring market supply, stimulating investment and promoting export has proven indispensable for boosting the Chinese economy, noted the report.

Zhuang Congsheng, vice chairman of the All-China Federation of Industry and Commerce, said the federation will further its research on family businesses, especially successful ones, in an effort to help local family firms to sustain development and curtail the threat of family businesses dying out when their heads retire or pass away.

"The coming five to 10 years will be a crucial period for China's family firms in terms of the passing-down of business," Zhuang said.

【1】 【2】 【3】


 
 
 
 
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