Township and village enterprises (TVEs) were businesses designated to operate in the countryside or in small and medium-size towns. These enterprises created a large number of jobs from the late 1970s to the 1990s, and are responsible for a huge proportion of China’s economic development. In recent years, their contribution has become more limited, and as more people move to urban areas the wealth gap between countryside and cities is increasing again.

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By |2014-12-16T16:54:39-05:00January 22nd, 2012|Berkshire Encyclopedia of China, Business and Economy, System|Comments Off on Township and Village Enterprises (Xiāngzhèn qǐyè 乡镇企业)|Xiāngzhèn qǐyè 乡镇企业 (Township and Village Enterprises)

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