pemFinancing Entrepreneurship and Innovation in Chinaem provides an overview of the current state-of-affairs in the financing of private innovations in China. While country-level innovation can take many forms, the focus is on the funding of business start-ups and entrepreneurial ventures. The monograph has four specific objectives 1 to present an economic framework for evaluating the central challenges associated with the financing of entrepreneurial ventures in China, 2 to evaluate the relative size and importance of the channels through which private initiatives for innovation in China are currently being funded, 3 to survey the academic evidence on potential financing constraints currently facing private initiatives in innovation, and 4 to discuss public policy implications that may arise from these findings, as well as to outline the type of future research that may best inform Chinese policy makers. After the introduction, Section 2 begins with a review of the central economic th