China has completely fumbled the bag when it comes to tech dominance.
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China has completely fumbled the bag when it comes to tech dominance.
In 2018, 51,302 start-ups were founded in China. By 2023, that figure had collapsed to 1,202 and is on track to be even lower this year.
The government got jealous of tech’s rising power and killed startups. This is a great example of why you can’t bet against America. Entrepreneurism is baked into the very fabric of the nation.
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
(www.ft.com)
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