A forum was held in Guangzhou on November 28, 2011, on safeguarding the rights of China’s enterprises. At the forum, Professor Li Jianwei from the China University of Political Science and Law revealed that private enterprises in China have an average lifespan of only 2.9 years. Li said that the reason for private enterprises’ short lifespan is that these enterprises face various legal risks. Compared to national enterprises, private enterprises are in an inferior position.
Source: Guangzhou Daily, November 28, 2011
http://www.ce.cn/xwzx/gnsz/gdxw/201111/28/t20111128_22871174.shtml