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...