Examining the Legal Hampers against Innovation in China

Abstract

Innovation cannot be authentically achieved without the support of law. The existing research has demonstrated that venture capital is closely linked to innovation in society. Thus, a friendly legal environment for venture capital has the potential to enhance the innovative ability of a certain society. The current Chinese legal system has includes a series of hampers against the healthy development of venture capital. In order to promote innovation, Chinese authorities ought to take actions to remove these legal barriers. Law, impediments, innovation, venture capital, cycle, fundraising, investment, exit, America, China