“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.
Good lmao
Please clarify, as I asked in https://lemmy.ml/post/20245112/13688624 I don’t see how that’s relevant. They are sharing opinions from startup CEO or numbers that are about large “old” (much earlier than the boom, e.g Ant, Shein, ByteDance). That’s certainly interesting but does not contradict figures from the article.
Capitalists gonna capitalism.
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.
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…