Family business, a work of generations

Customer bases built on long trust vouchsafe survival

BRUSSELS/BEIJING -Successful family businesses in China and Europe grow on fundaments that help cope with economic downturns, but it takes generations to develop such traits, experts said.

Darius Movaghar, policy advisor of GEEF (European Group of Owner Managed and Family Enterprises), agreed that it is hard for family businesses to go beyond three generations.