In #China, the rule of policy often precedes the rule law; a consequence of the particularist nature of #Chinese culture (p. 55) https://t.co/G89vOy3Lan
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The #Chinese state nor the #entrepreneurs express an interest in a dialogue to negotiate the optimum institutional rules, but rather explore how they can make the best from ambiguous rules and policies (p. 55) https://t.co/G89vOy3Lan
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Present day #entrepreneurship in #China can be regarded as an active translation rather than a loyal reflection of institutional demands (p. 55) https://t.co/G89vOy3Lan
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Changes in the regulatory environment in #China can put businesses in a difficult position. Small #entrepreneurs need to develop a skill to react to such changes in an agile manner, to keep their business afloat, or turning change into opportunity (p. 55)