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How China s Communist Officials Became Venture Capitalists

(Bloomberg Markets) In early 2020, as the pandemic pushed it to the verge of bankruptcy, China’s highest-­profile rival to Tesla Inc. was shunned by the venture capital funds and foreign investors that had powered its rise. So Nasdaq-listed Nio Inc.

How China s communist officials became venture capitalists

The municipal government of Hefei has pioneered a shift in Chinese capitalism over recent years in which local governments are increasingly taking minority stakes in private companies.

In Egypt s new capital, Chinese firm races against COVID-19 to raise skyscrapers

In Egypt s new capital, Chinese firm races against COVID-19 to raise skyscrapers

Amid the raging COVID-19 pandemic, a security manager at a construction site needs to care more.Some 50 km east of the capital Cairo, where a Chinese firm has been building a vast business district in Egypt s new administrative capital, Liu Jingkun inspects the staff accommodation every day, ensuring the anti-coronavirus precautions are observed by all.

Feature: In Egypt s new capital, Chinese firm races against COVID-19 to raise skyscrapers

Feature: In Egypt s new capital, Chinese firm races against COVID-19 to raise skyscrapers
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