Entrepreneurial spirit is alive and well in China

China has become an increasingly entrepreneurial society, and the post-1980s generation has become the driving force, according to new findings from the National Entrepreneurship Research Center of Tsinghua University.

They show that China ranked 22nd among 70 countries examined by the university, with the country's "early-stage startup index" calculated at 18 percent, meaning the nation is considered as "active" when it comes to entrepreneurship.

The researchers worked out a country's early-stage startup index after collecting various financial and behavioral information during interviews with entrepreneurs with fewer than 42 months' experience.