Faced with such a hostile environment, Chinese private entrepreneurs have been forced to engage in “institutional arbitrage” – taking advantage of efficient Western economic institutions to expand their business (most export-oriented businesses are owned by private entrepreneurs and foreign firms).
面临如此困难的环境，中国民营企业家被迫进行“制度套利”——利用高校的西方经济制度扩张业务（大部分出口导向企业为民营企业家和外国公司所有）。