Analysis of Business Development and Entrepreneurship in Fujian Province, China, with Recommendations for Policy Responses

Abstract

As one of four coastal Special Economic Zones in China, business an entrepreneurship in Fujian has its own characteristics, especially the small the medium enterprises. Fujian Government has made great efforts to support the business and entrepreneurship development. Based on the policy review and qualitative study, many preferential financial policies have been made to reduce the difficulties of starting capital of business establishment. It is considered that these policies should be more specific to SMEs and entrepreneurship to get more resources, including ventures capital, innovation and business network. It should also focus on managerial aspects, including employee training, marketing, product service and supply chain. Entrepreneurship development conditions should be created to encourage new university graduates and unemployed people to be self-employed. Transforming business ideas into business action is important in that process.