Government Guidance Funds: Venture Capital with Chinese Characteristics

The state is upping the ante in China’s venture capital and private equity markets – with mixed results. Will entrepreneurs soon find their prospects hinge on whether the focus of their innovation aligns with the Chinese government’s ideal for a technologically advanced state? Joe Cash investigates Spread across roadsides the length and breadth of the country, red banners with the ubiquitous phrase ‘Party Spirit’ extol the virtues of the Chinese…