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”
Discover more
How to escape from China to America
We travel with Chinese migrants on the deadly journey to America’s border
Michael Kovrig, former hostage of the Chinese state
Three years after his release, the Canadian tells his story to The Economist
Why China is awash in unwanted milk
Dairy farmers are dumping the stuff, as some call for culling cows
Worries of a Soviet-style collapse keep Xi Jinping up at night
China’s Communists have now been in power longer than the Soviets
A missile test by China marks its growing nuclear ambitions
America worries that it is looking to surpass its own capabilities one day
Another attack on a Japanese local points to a big problem in China
Has anti-Japanese xenophobia gone too far?