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...

This chapter of the Oxford Handbook of Asian Business Systems provides an overview of the institutional structure of the business system of Japan. It explores the role of the state, the financial system, ownership and corporate governance, the internal structure of the firm (management),...