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Managing Growth of Township and Village Enterprises in Guangdong: Lessons Learned and Opportunities

In: China’s Economic Powerhouse

Author

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  • Jingchao Geng

Abstract

Township and village enterprises (TVEs) have been an economic miracle in Guangdong since 1978. Their average annual income growth has been 31 per cent over the past 20 years. They have become the principal economic driving force of the rural economy and, as such, constitute an important pillar of the province’s economy.1 Indeed, the development of TVEs has played a critical role in the promotion of economic growth by gradually industrializing the economy, supporting agricultural development, increasing incomes in the agricultural sector, and bringing prosperity to the rural areas of Guangdong.

Suggested Citation

  • Jingchao Geng, 2003. "Managing Growth of Township and Village Enterprises in Guangdong: Lessons Learned and Opportunities," Palgrave Macmillan Books, in: Tung X. Bui & David C. Yang & Wayne D. Jones & Joanna Z. Li (ed.), China’s Economic Powerhouse, chapter 7, pages 110-135, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-50866-8_7
    DOI: 10.1057/9780230508668_7
    as

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