Innovation Files: Where Tech Meets Public Policy cover image

How China Influences U.S. Innovation and Technological Capabilities, With Barry Naughton

Innovation Files: Where Tech Meets Public Policy

CHAPTER

Industrial Guidance Funds

Industrial guidance funds are essentially a kind of clone of a venture capital fund, with the key difference being that almost all the main actors are state own entities. So you've got much stronger incentives for the investora, much more specialization whos making the decision. But of course, this being china, what we see is lots and lots of money pours intotas a oversight is not horrible.

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