China Venture Capital Raising now Exceed the USA

天命 !

www.armstrongeconomics.com

Believe it or not, Chinese start-ups have for the first time collected more venture capital than newly established US companies in the past quarter. This is reported by the South China Morning Post . Almost half (47%) of the venture capital used worldwide was spent on start-ups from the Middle Kingdom. The American start-ups were only just over a third (35%). 

This is part of the entire real reason why China will be surpassing the United States and take the title Financial Capital of the World.