China’s succession crisis: a generation of entrepreneurs is retiring, but are their children ready to take over?

Family run private businesses helped power China’s economic miracle, but the next generation is finding it difficult to carry on the work of their parents

温州模式起家的家族制造业正面临代际交接难题，多数创一代没有传承计划，二代或不愿或无力接手。学者指出，真正难以继承的是创始人的人脉、经验与默会知识，而非股权；交接失败可能拖累中国民营经济与整体增长。