Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.
Access here alternative investment news about China Is Nationalizing Its Tech Sector
Private Equity

China Is Nationalizing Its Tech Sector

by posted 10months ago 128 views
As Bloomberg News reported this week, a key stumbling block in trade negotiations between China and the U.S. has been Beijing's extensive support for its technology firms. But if President Donald Trump's administration thinks that will change any time soon, it hasn't been paying attention: Far from reducing support for the tech sector, China is on the verge of nationalizing it. By many measures, China's tech companies seem unstoppable. Private equity and venture capital investment grew from $14 billion in 2012 to $120 billion in 2017.