Xi Jinping is trying to love-bomb China’s entrepreneurs
It will take a lot more to win back their broken hearts
China’s leader, Xi Jinping, worries about “black swans” (unexpected crises) and “grey rhinos” (big problems that are ignored). Recently he has been fretting about vanishing unicorns, too. In May he asked a group of bosses to explain why fewer Chinese startups were turning into these beasts: privately held startups with a valuation of a billion dollars or more. In June the State Council, China’s cabinet, acknowledged that investors were fearful of putting money into risky new ventures and that it was difficult to cash out.
Explore more
This article appeared in the China section of the print edition under the headline “Love-bombing entrepreneurs”
From the July 20th 2024 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from China
America and China are talking. But much gets lost in translation
How linguistic differences complicate relations between the great powers
It’s a good time to be an astrologer in China
In the face of hardship, the country’s youth are embracing superstition
The early days of the Trump administration, as viewed from China
A good start, but it could get worse quickly
How (un)popular is China’s Communist Party?
As the economy falters and the social compact frays, Xi Jinping wants to know
An outrage that even China’s supine media has called out
Anger is growing over a form of detention linked to torture and deaths
Why foreign law firms are leaving China
A number of them are in motion to vacate