“Venture capital finance has dried up amid political and economic pressures, prompting a dramatic fall in new company formation”
Posted in technology as most of the funded companies are into technology. The most shocking piece is arguably the number of funded company pear year with a clear peak in 2018 which is 50x (!) more than last year, 2023.
I know there is a lot of “the collapse of China lol” takes but the middle income trap is a real danger.
If your country doesn’t move to a consumption based economy you’re gonna have a bad time.