Much has been said about the re-emergence of China to its historical position of eminence in the world economy, yet little is understood about the kind of economic system China is evolving. What are the rules of the game of business in today's China, and how are they likely to change over the...

This chapter of the Oxford Handbook of Asian Business Systems provides an overview of culture in Asia. Culture is defined as shared meaning interpreted in institutions in patterns that are best analysed through a complex adaptive systems framework. The understanding of the variety of Asian...

Economic activity in China, and indeed anywhere in the world, is embedded in, and shaped by, a complex web of societal factors that in their entirety form what is known as a ‘business system’. The objective of this chapter is to provide a brief exposition of the main business systems present...

We present a sketch of the existing Chinese business system and discuss what we see as the main challenges in its future evolution. We argue that China will probably retain its own unique form of capitalism rather than converge on any presently existing model. Though the future shape of this...