The comparative analysis and development features of family business in regions of China (Hong Kong, Macau, Taiwan, mainland China)

The paper deals with the relevant issue of the significance and role of family business in the modern world. The social and economic policy of states places a greater emphasis on the family. At the same time, family business suffers from the lack of support. However, its development strengthens family ties and makes a large family cost-effective and economically significant. Besides, family business can have a favorable impact on self-employment of the population, accelerate the development of small towns and villages, keep residents from migration to large cities, increase trust and morality in society and economic relations. The study examines the development features of family business in four regions of China from the standpoint of the older/younger generation, government policy, legislation, domestic and foreign markets situation. The research findings may be useful for developing the Russian Far East in the context of social and economic modernization.