As China looks To revive growth, what role will its technology industry play? And is there enough capital to support a new generation of tech startups that can keep China competitive?
It’s no secret that the Chinese economy slowed down in recent quarters, due to global macroeconomic instability, geopolitical issues and the country’s currently fading COVID-free policies. The policies, which the Chinese government is currently lifting, have resulted in the country’s cities being regularly locked down, while other principles of the policy have disrupted commerce and transit. .
COVID-free policies have worked to limit the spread of the pandemic in this country for some time, but the cost of this policy – in human and economic terms – seems so great today. high when the country starts endure a wave of infections which would have been delayed rather than avoided.
The exchange explores startups, markets and currencies.
Other factors affect China’s slowing economic growth. The country’s highly leveraged real estate market has take a hit Thanks to changing regulations and an extensive history of debt, the price to pay is finally coming. And the Chinese government suppress the domestic technology industry starting from the end of 2020 with disappointed in Ant .’s then-planned grand fintech IPO.
After Ant was placed under sanctions, a series of other regulations were issued from the pen of the Chinese Communist Party, spanking video games, e-commerce and edtech, among industry sub-sectors. other technology. It is not surprising that domestic venture capital activity has declined.