China estimate of the day

According to a report by the All-China Federation of Industry and Commerce, more than 80% of China’s 1 billion private enterprises are family-owned, with about 29% of these businesses in traditional manufacturing. From 2017 to 2022, around three-quarters of China’s family businesses are in the midst of a leadership transition, marking the largest succession wave in Chinese history.

Here is the full story, via Rich Dewey.

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