Self Made Entrepreneurs in China are ‘Living the Dream’
With the Chinese government’s recent restrictions on business activities in the country, many entrepreneurs have left their mark on the world, creating products and services that are now available to the masses.
The first batch of self-made entrepreneurs who entered the country in 2013 was an unlikely group: many of them had never set foot in a Chinese city.
They had only just moved to Beijing to start a business, and had no idea what it was like to live in the capital.
Their stories of making a name for themselves in the Chinese capital were a testament to how well-developed the Chinese economy was, and how quickly it was changing.
But the group also gave a glimpse into how life in China is different for a few other people who have made it a part of their lives.
“When I first moved here, I had no clue about the real world, so I had to figure out how to make a living,” said Li Xinzheng, a 31-year-old entrepreneur from Chongqing, who came to the country with his wife in 2007.
Li and his wife were both entrepreneurs at the time, and Li had no formal training, so he spent his first few years in the business learning about local rules and regulations.
Li decided to learn more about how China operates in his first year in China, but he quickly discovered that he was living the dream.
“My husband had been doing business in the United States, and he was working hard to earn money to support us.
I wanted to do the same,” Li said.
Li’s wife, who also came to China to work, had to learn how to speak Mandarin as well.
The couple also came into contact with other entrepreneurs, including a 23-year old woman named Zhenxiang who had been living in Beijing for several years.
She told her husband she wanted to work in the private sector, and the two soon decided to meet up.
Zhenxige had been born in Shanghai, but her family fled to Beijing when she was just a child.
Zhen was able to learn English quickly, and was quickly accepted into a new program at a local university.
Zheng eventually worked as a consultant in the financial services industry.
Zheng and Li are the first self-built entrepreneurs to enter the country since the government passed new regulations in the wake of the financial crisis.
“We came from the US to start an independent business in China,” Li explained.
“We did everything in China for free.”
The new regulations made it harder for self-employed people to qualify for loans.
Li and Zhenzie, who were both earning just $10,000 a year, were unable to take out a loan.
Li and Zeng are the only two entrepreneurs who have yet to borrow money from Chinese banks.
In an interview with the Wall Street Journal, Li said the government has helped him and Zheng to borrow more money to help them afford the new life in Beijing.
Li said the only time he and Zhe could actually afford to live together was to live with Zhen and their daughter in a rented apartment, where they were able to afford their basic needs.
“I had to work a lot to pay for rent and food.
It was hard, but I did it,” Li told the Wall Journal.
“When we moved in, we couldn’t afford to buy anything.
It cost a lot of money.
But it was worth it to us.”
The Chinese government, which has been cracking down on business activity for the past several years, has allowed self-described entrepreneurs to register as business owners.
They must have at least one employee and at least $50,000 in business assets.
In addition, they must have a business plan and a detailed financial statement.
Many self-makers have been able to find a way to qualify their business for loans by working on the side.
The new restrictions have not stopped Chinese entrepreneurs from starting new ventures, either.
Zhen and Zhaolin, who have been making money off their businesses for years, recently opened a clothing store in Beijing, and Zhensi’s new business has now expanded to include clothing, accessories and accessories for men and women.
It’s an important step forward for these entrepreneurs, but Li said that more work is needed to open up the country’s business environment.
“It’s not enough to have a good idea,” Li added.
“You need to have the knowledge to do it.”
The story of selfmade entrepreneurs in China has been a big part of the country for decades.
But now, China is in the midst of a major economic boom, and many entrepreneurs are moving into the Chinese market to fill a void left by the global economic downturn.
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