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How China has ‘throttled’ its private sector (www.ft.com)

submitted 2 months ago by utopiah@lemmy.ml to c/technology@lemmy.ml

27 comments fedilink hide all child comments

"Venture capital finance has dried up amid political and economic pressures, prompting a dramatic fall in new company formation"

Posted in technology as most of the funded companies are into technology. The most shocking piece is arguably the number of funded company pear year with a clear peak in 2018 which is 50x (!) more than last year, 2023.

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[–] istanbullu@lemmy.ml 13 points 2 months ago (20 children)

Articles like this are hilarious. Brainwashed fanatics have not stopped publishing "the coming collapse of China" articles.

For the original: https://en.wikipedia.org/wiki/The_Coming_Collapse_of_China

[–] utopiah@lemmy.ml 5 points 2 months ago (19 children)

Care to unfold a bit more what's hilarious? Which metrics from the article are wrong or irrelevant for example? You might disagree with the conclusion, and maybe rightly so, but are you saying the data itself, e.g number of companies funded is false? Or it does not matter and something else could help better understand the situation?

[–] istanbullu@lemmy.ml 10 points 2 months ago (1 children)

you can't argue against the obvious. china is doing fine, and chinese companies are killing it in many sectors. just look at how much american and german car companies are covering in fear at the sight of BYD.

[–] utopiah@lemmy.ml 2 points 2 months ago (1 children)

I believe that's precisely the point of the article, that there will be no new BYD which was funded 29 years ago.

[–] istanbullu@lemmy.ml 3 points 2 months ago (1 children)

nonsense. you hear about a new sexy chinese company every day. just today I learned about Biren, which is taking on Nvdia: https://en.wikipedia.org/wiki/Biren_Technology

This article is basically yet another Gordon Cheng. It's pathetic and hilarious at the same time.

[–] utopiah@lemmy.ml -1 points 2 months ago (1 children)

Founded in 2019, right after the peak according to the very graph I highlighted.

Neither I nor the article is saying there are no more startups nor innovation from China. What the article is saying is that it's radically less than 7 years ago. You can still list few amazing Chinese startup from 2023 or 2024 and it would still not make the article "nonsense".

[–] istanbullu@lemmy.ml 1 points 2 months ago* (last edited 2 months ago) (1 children)

nice try Gordon Cheng.

Also: https://en.wiktionary.org/wiki/copium

[–] utopiah@lemmy.ml 0 points 2 months ago

OK... unable to argue, blocked.

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