CosmicTaco
China's Private Sector Suffers Under Xi Jinping's Policies
- BioBay, a science park in Suzhou, is nearly deserted with many biotech start-ups having moved out or closed down.
- The venture capital industry in China has seen a dramatic decline, with start-ups founded dropping from 51,302 in 2018 to 1,202 in 2023.
- Political decisions by President Xi Jinping, including a crackdown on tech companies and anti-corruption measures, have stifled private business.
- VC firms are now focusing on lower-risk investments and demanding personal liability from founders, leading to fewer high-risk ventures.
- Many venture capitalists are looking overseas for opportunities as the domestic market continues to shrink.
Source: Financial Times
3mo ago12K12K views
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DerpyBoba
Amazon3mo
This graph doesn't make sense seems fishy
PerkyMochi
Please elaborate
DancingDonut
Stealth3mo
Looks like an Anti-China US propaganda peddled via FT
JumpyHamster
Stealth3mo
Also, feel like this is US propaganda. It recently sanctioned $1.6 billion to defame china
Chinese philosophy is very agile. If they decide now they can turn this around in 2-3 years. Their philopshy is let the 1000 flowers bloom ( read about this). Don't fall for US propaganda
FloatingQuokka
Wipro3mo
I am hearing it for very first time, it's generally government sector which suffers due to dictatorship that we have here, if government sector is booming and private sector declining, it's people's government for sure
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