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Is China the next biggest stop for startups? [Copy link] 中文

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Post time 2016-12-14 14:44:00 |Display all floors
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More than 190 billion yuan ($27.5 billion) was invested in Chinese emerging companies in 2016, as China has become one of the world's largest innovation centers, a UN official said on Monday.
China has shifted from being the "world's factory" to one of the largest startup centers across the world, Chen Lizhen, an official from the UNESCO Asia-Pacific Regional Bureau for Education, said at the annual conference of the Innovation and Entrepreneurship Education Alliance of China (IEEAC) held at Northeast Normal University on Monday, stressing the need for "startup education."
"Approximately 4 million new startups were set up in China in 2015, up 20 percent year-on-year," Chen was quoted by the China News Service as saying.
However, only 17.8 percent of the college students have received systematic entrepreneurship education, according to the annual report on Chinese college students' employment and entrepreneurship (2015-16) released by Northeast Normal University.
"The college students are the main force to promote China's domestic policy of mass entrepreneurship and innovation, and fostering innovative entrepreneurs who meet social demand is essential to advanced education," said Yang Xiaohui, vice chairman of the IEEAC.
Meanwhile, a total of 989 startups had been closed by the end of 2015 and the average survival span of these companies was 32 months. Most of these companies were operating in the industries of e-commerce, local life services and social media, according to a report cited by news site tech.qq.com on January 22.
In virtual reality headset sector, for example, 90 percent of the new manufacturers had gone bankrupt, the China Business News reported on December 6.(news from the Global Times)

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Post time 2016-12-14 16:43:57 |Display all floors
teatree16 Post time: 2016-12-14 16:36
Go China go:)

Innovation is not China's strong point what has the Chinese invented in the last 50 years?

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Post time 2016-12-15 00:25:04 |Display all floors
I certainly hope so!

I think there are good opportunities in PRC.

I also think that ethnic Chinese in USofA or Australia ( forum members like "xuerengui") should consider China if they think they are banging their heads on a brick wall in USofA. The ethnic- and group-nepotism in USofA is a big barrier, an even bigger barrier is... oh you know that I am saying
Let the dice fly high

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Post time 2016-12-15 00:26:24 |Display all floors
dusty1 Post time: 2016-12-14 16:43
Innovation is not China's strong point what has the Chinese invented in the last 50 years?

So you think we ethnic Chinese are not innovative?

You know that for sure?

Let the dice fly high

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Post time 2016-12-15 02:28:33 |Display all floors
cestmoi Post time: 2016-12-15 00:26
So you think we ethnic Chinese are not innovative?

You know that for sure?

What has the Chinese invented in the last fifty years and all business seem to be partly government owned or supported

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Post time 2016-12-15 04:13:45 |Display all floors
I'm old (74). If I were a young Chinese citizen I would be very excited by the prospects of starting new businesses and even new charities in China. Right now is a phase of Chinese economic growth like from 1890 to 1920 in the US. Fantastic opportunities. China is the key to the future of humanity. But the CPC must be more mature and responsible.
What's on your mind...

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Post time 2016-12-15 08:34:32 |Display all floors
Ted180 Post time: 2016-12-15 04:13
I'm old (74). If I were a young Chinese citizen I would be very excited by the prospects of starting ...

Trump is 70 and decided to be POTUS. The old goat can hack it too.
Let the dice fly high

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