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| SMALL BUSINESS TRENDS brings you daily updates on trends that influence the global small business market. | ||
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Anita Campbell, Editor |
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| Past life: CEO, corporate executive, tech entrepreneur, retailer, general counsel, marketer, HR ... (more) | ||
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Small Business Trends Radio Tuesdays, 1:00 PM Eastern U.S. time on Voice America network Click to listen November 1st: Torsten Jacobi, CEO of Creative Weblogging, joins host Anita Campbell. Sponsored by Six Disciplines. Show details. |
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Monday, December 22, 2003 | |
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China to Guarantee Property Rights | |
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China is changing its constitution to guarantee property rights for individuals and businesses.
China's entrepreneurs have been lobbying for the change. The change will bring China's legal system in line with the emerging economic behavior occurring in that country. Already millions of Chinese have started businesses, purchased homes, and bought stocks in Chinese businesses. Individuals already own property -- they now want it to be legally protected. Read the article here for more background information. Tip of the hat to Eric Olsen at Blogcritics.org for raising this article. A guarantee of private property rights will foster even more business startups and small entrepreneurial enterprises in China. And due to the trend toward globalization, a ripple effect will be felt in the United States and western countries. Import/export activity will grow. Foreign investment in China, and foreign sourcing of goods and services from China, will certainly increase as businesses expand with confidence knowing their investments are better protected. |
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