8 April 2024
In the past few decades, China has experienced rapid economic growth and wealth creation. A large proportion of Chinese business founders are now approaching retirement age. As a result China will experience its first major generational wealth transfer.
With four-out-of-five of China's one billion private firms in family hands, this generational transfer of wealth will reshape the Chinese economy. Family successions will need to square cultural traditions with modernist ideals.
In this video we examine the challenges that the next generation of Chinese business leaders are facing, and how their responses will determine their success.
