The Ruffin Series of the Society for Business Ethics

Volume 3, 2002

Ethics and Entrepreneurship

Brad Brown
Pages 219-229

Entrepreneurship and Ethics in the Chinese Context

The importance of entrepreneurship in China’s emergence as a global economic power is acknowledged—but will Chinese entrepreneurs have a positive or negative effect on social justice and business ethics in China? Increased reliance on guanxi relationships to facilitate business transactions has been witnessed as the communist party relaxed its grip on many segments of the economy. Although decentralizing control of the economy has produced rapid growth, there are many inequities as large numbers of Chinese citizens are exploited by Chinese entrepreneurs, who only know how to compete by keeping costs as low as possible.