Venture Communism: How China Does Startups

From The New York Times: Venture Communism: How China Is Building a Start-Up Boom

The Chinese Communist Party doesn’t trust the invisible hand of capitalism alone to encourage entrepreneurship, especially since it is a big part of the leadership’s strategy to reshape the sagging economy.

Which is why the government of Hangzhou — a former royal capital that has been a major commercial hub for more than a millennium — built Dream Town and lavishes resources on start-ups. The businesses here get a slate of benefits like subsidized rent, cash handouts and special training, all courtesy of the city.

No Comments Yet

Comments are closed

Welcome to Tampa

Masthead | Advertising | Contact Us

Greg C. Truax - Publisher

David R. Wheeler - Editor

Joe Registrato - Contributing Editor

Alive Tampa Bay - Tampa's Premiere Online Magazine

Subscribe to AliveTampaBay
Get the latest content first.
We respect your privacy.