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Anti-graft drive aims to clean up chip industry to kick-start growth: China Daily editorial

Anti-graft drive aims to clean up chip industry to kick-start growth: China Daily editorial
chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.

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.

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