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Family businesses lose appeal
家族企业平均寿命8.8年

The report, which was released in Beijing on Monday, features analyses of the development of China's family businesses. [Xinhua]

Only 16 percent of sons and daughters surveyed said they were interested in taking over businesses started by their parents in the 1970s and 80s, according to a report released by the All-China Federation of Industry and Commerce.

全国工商联对外发布的我国首份《中国家族企业发展报告》显示，上世纪七八十年代创业成功、目前正在寻找接班人的家族企业中，只有16%的企业主子女表示愿意接班。

The average life of family controlled firms in China is 8.8 years and 59 percent of family-owned businesses established after 2001 are still in the early development stage, the report said.

我国家族企业经营年限平均为8.8年，59%的企业成立于2001年之后，尚处于早期创建阶段。

It also estimated that only 30 percent of family firms could survive a second generation and only 10 to 15 percent of firms would be handed over to the third generation.

(China.org.cn December 14, 2011)

报告估计，只有30%的家族企业能够顺利延续到第二代，能够将接力棒顺利传到第三代家族成员手中的仅为10%-15%。