One of the drivers of economic development is stability and predictability.<p>Singapore understands this.<p>Ownership rules are clear, and if under dispute, the courts are viewed as reasonable and fair. Business rules are predictable, you don't have to worry about making an investment based on assumptions that no longer hold next year.<p>China is the opposite as of the last few years. It's no surprise capital goes elsewhere.
Is this data actually correct? Looks China is still doing just fine on the tech side, landing a rocket, LLM model that topped coding challenges, robots that are significantly outperforming boston dynamics.<p>Is it just that those companies were founded during the peak?
The CCP doesn’t want ad-tech startups, so they blew up the whole system.<p>Easier to have zero business leaders that might tip the boat with suggestions.<p>This is ‘let it rot’ in action.
> VCs in China now spend most of their time suing the startups they invested in to get their money back.<p>> Founders are also now required to be personally liable for their company’s loans.<p>> Hard to imagine why anyone would start a company under these conditions.<p>Whow. They introduced accountability! That would be incredibly harmful to all the crooks out there.<p>Well done
Trap for young players: don’t read anything in western world on China. It’s mostly propaganda, misdirection, political games and the like. In other words, pure bullshit if you’re not in the in-crowd to pick up the jokes that TPTB are sending to each other by posting absurd things.
Is there really an incentive for startups in China today compared to 4 years ago? Look what the government there has done to very rich and influential people in just the last few years. Once you have achieved your goal of building a great business, it can all be taken away from you overnight while you rot in a jail cell. Might as well take it easy and at least enjoy your life instead of losing ten prime years to a hard grind for nothing.