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How China has ‘throttled’ its private sector

“Venture capital finance has dried up amid political and economic pressures, prompting a dramatic fall in new company formation”

Posted in technology as most of the funded companies are into technology. The most shocking piece is arguably the number of funded company pear year with a clear peak in 2018 which is 50x (!) more than last year, 2023.

istanbullu ,

Articles like this are hilarious. Brainwashed fanatics have not stopped publishing “the coming collapse of China” articles.

For the original: en.wikipedia.org/…/The_Coming_Collapse_of_China

utopiah OP ,

Care to unfold a bit more what’s hilarious? Which metrics from the article are wrong or irrelevant for example? You might disagree with the conclusion, and maybe rightly so, but are you saying the data itself, e.g number of companies funded is false? Or it does not matter and something else could help better understand the situation?

OprahsedCreature ,

tl;dr: Debate me, bro!

istanbullu ,

you can’t argue against the obvious. china is doing fine, and chinese companies are killing it in many sectors. just look at how much american and german car companies are covering in fear at the sight of BYD.

utopiah OP ,

I believe that’s precisely the point of the article, that there will be no new BYD which was funded 29 years ago.

anonymous111 ,

I know there is a lot of “the collapse of China lol” takes but the middle income trap is a real danger.

If your country doesn’t move to a consumption based economy you’re gonna have a bad time.

pancake ,
@pancake@lemmygrad.ml avatar

The private sector is ceasing to be China’s primary driver of growth, with that role year after year being further taken up by the state. Diminishing private funding is obviously not good, but it does align with their goal of reaching socialism by 2050. We’ll see how their economy does from now on…

technocrit , (edited )

Capitalists gonna capitalism.

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