Ooops! Communist China's "Venture Capitalist" Boom Abruptly Ends

China’s venture-capital boom, which spawned some of the world’s most valuable technology companies and dozens of rags-to-riches entrepreneur tales in recent years, has come to an end. A year after an abrupt turn in investor confidence in the growth and profit potential of Chinese tech startups, venture-capital fundraising in the world’s second-largest economy is on pace to touch its lowest level since 2013.

 

 

 

 

 

 

 

 

https://www.wsj.com/articles/chinas-venture-capital-boom-is-over-leaving-investors-high-and-dry-11573727756?mod=hp_lead_pos4

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.