In return for these enterprises being sheltered, they should refrain from risky activities such as proprietary trading and sponsoring hedge funds.
These are important questions not just for the United States, where we pride ourselves on new enterprises being created, but also in all countries.
The transition is in any case likely to begin cautiously, with selected state enterprises being allowed to trade using a variety of hypothetical exchange rates.
Gradual liberalisation also prevented European enterprises being snapped up by American firms at fire-sale prices, giving them time to get back on their feet.
There is much talk about social enterprises being "spun out" of the public sector and there are many examples of social enterprises, third sector organisations and smaller businesses that are adopting an entrepreneurial approach to public service delivery.
In the first period of modern industrial development (1861 72), effort was focused on manufacturing firearms and machines, the most important enterprises being the Kiangnan (Jiangnan) Arsenal in Shanghai, the Tianjin Machine Factory, and the Fuzhou Navy Yard; there were many other smaller ones.
