This statistic displays the results of a survey asking entrepreneurs in China about business exits and reasons for the exit as of June 2019. During the survey period, approximately 7.5 percent of respondents replied that they had exited a business during the last year. While 1.7 percent of adults had positive reasons for exiting their business, 5.8 had negative. Unprofitability was among the major negative reasons for exiting a business.
Reasons for entrepreneurs in China to discontinue their own businesses as of June 2019
*Positive reasons for exiting a business include: opportunity to sell, another job or business opportunity, planned exit, retirement; negative reasons include: not profitable, financial problems, family or personal reasons, incident, taxes or government bureaucracy, do not know or no reply.
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GEM. (February 25, 2020). Reasons for entrepreneurs in China to discontinue their own businesses as of June 2019 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/883618/china-reasons-for-business-exit/
GEM. "Reasons for entrepreneurs in China to discontinue their own businesses as of June 2019." Chart. February 25, 2020. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/883618/china-reasons-for-business-exit/
GEM. (2020). Reasons for entrepreneurs in China to discontinue their own businesses as of June 2019. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/883618/china-reasons-for-business-exit/
GEM. "Reasons for Entrepreneurs in China to Discontinue Their Own Businesses as of June 2019." Statista, Statista Inc., 25 Feb 2020, https://www.statista.com/statistics/883618/china-reasons-for-business-exit/
GEM, Reasons for entrepreneurs in China to discontinue their own businesses as of June 2019 Statista, https://www.statista.com/statistics/883618/china-reasons-for-business-exit/ (last visited November 21, 2024)
Reasons for entrepreneurs in China to discontinue their own businesses as of June 2019 [Graph], GEM, February 25, 2020. [Online]. Available: https://www.statista.com/statistics/883618/china-reasons-for-business-exit/
