172. Venture Capital, Chinese Style
This Machine Kills
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The Science Technology Industrial Parks
There is a huge trend in cities around the world of trying to create these like innovation districts, where there's clusters of start up activity. City governments provide funding and investment for them because they are seen as ways of creating 'empowering' systems that feed into economic growth. This is now, as you were just saying as well, this is pretty common, commonly accepted practice, especially in urban policy. But it's also the scale and specialization at which happening in china, right? It's more like, this is all centrally planned such that the scale is the size of like a city. Like shang jing and shanghai is going to focus on integrated circuits. You
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