China's startup ecosystem has almost completely collapsed in the last 5 years

Re:China's startup ecosystem has almost completely collapsed... by pragmomm on Friday September 13, 2024 @12:14AM (#41527979)

China also has 800 million people making less than $100/month. where do you think the millionaires and billionaires in China skimmed their wealth from?

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Re:China's startup ecosystem has almost completely collapsed... by ricochet11 on Friday September 13, 2024 @02:09AM (#41528432)

source? or did you mean $1000/month?

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Re:China's startup ecosystem has almost completely collapsed... by pragmomm on Friday September 13, 2024 @02:54AM (#41528675)

https://www.cnbctv18.com/economy/china-has-over-600-million-...

the updated 2023 estimate is in mandarin

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Re:China's startup ecosystem has almost completely collapsed... by refurb on Friday September 13, 2024 @05:34AM (#41529558)

While China has made great strides people dont seem to understand that the vast majority of Chinese have the kind of wealth you'd see in a developing country like Thailand or Indonesia.

They are nowhere close to the Us or Europe.

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