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China’s Secret Sauce: The Venture Capital State What if the world’s most powerful political party didn’t act like a rigid central planner… but like a legendary venture capital firm?Economist Arthur Kroeber nails it: The CCP runs its economy like a massive, patient VC fund.They flood entire sectors with capital and support, unleash brutal competition, let thousands of firms rise and accept that most will fail. The brutal few that survive (Huawei, BYD, CATL, SMIC…) become global monsters.This is s
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