Beijing doubles down on VC
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Will Beijing be able to pull the venture capital (VC) industry out of the doldrums?
ICYDK: China’s VC industry is in a dire situation, with venture investments down 36.7% y/y in Q1 2024 (Zero2IPO).
The Third Plenum Decisions addressed the VC issue not once, but twice:
“[We should] improve suppor...