Global South

Top Venture Capitalists tour China, declare Western energy firms “uninvestable” – they cannot compete

Inside China Business – Kevin Walmsly

Top VC’s from Western firms and investment banks recently toured Chinese companies in the clean energy industry. After just days, they concluded that China’s advances across the sector make competition impossible, and are pulling funds from Western startups. They hope to focus now on partnership opportunities with Chinese firms who already dominate the technology and manufacturing, and enjoy access to China’s deep supply chains and logistics. But that model will also also prove difficult, as China’s entire economic system is designed to destroy rent-seeking profits.

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