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The Legal Infrastructure for Creativity in China: A Perspective of Venture Capital |
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| Authors: | ZHANG Lin AN Jingjing |
| Affiliation: | 1. Ph.D. in commercial law, Faculty of Law, The University of Hong Kong, Hong Kong, China; Professor, School of Law, Fujian Normal University, Fuzhou 350117, China; Distinguished Professor, School of Law and Economics, Shandong University of Technology, Zibo 255000, China.2. Ph.D. candidate in international law, School of Law, Korea University, Seoul, Korea; Lecturer, School of Law, Shandong University of Technology, Zibo 255000, China. |
| Abstract: | A new concept of “legal infrastructure” has recently been emerging and becoming increasingly popular in China. The concept offers a novel analytical framework to explore China’s existing legal organism for creativity. For this academic mission, the perspective of venture capital is developed by this article in that it has been already been convincingly demonstrated by extant studies that venture capital is an indispensable catalyst for the output level of a country’s creativity. The findings of this article are that the current legal infrastructure in China impedes the life cycle of venture capital, to some degree, and in turn impairs the capability of creativity in China’s economy. |
| Keywords: | legal infrastructure creativity venture capital (VC) China |
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