Managing Growth of Township and Village Enterprises in Guangdong: Lessons Learned and Opportunities

Township and village enterprises (TVEs) have been an economic miracle in Guangdong since 1978. Their average annual income growth has been 31 per cent over the past 20 years. They have become the principal economic driving force of the rural economy and, as such, constitute an important pillar of the province’s economy.1 Indeed, the development of TVEs has played a critical role in the promotion of economic growth by gradually industrializing the economy, supporting agricultural development, increasing incomes in the agricultural sector, and bringing prosperity to the rural areas of Guangdong.