China the Great Dragon: Feeding Personal Wealth to Growth Industries
In China today, 12,000 startups are created every day. Investing into these ventures is an estimated 17 trillion dollars of private assets. Fueling this wildly surging investment boom are newly minted private-sector investment companies, magnets for money from the wealthy looking to capitalize their funds. To move all of this capital around, new financial services use the internet to gather money from ordinary people in a flash. But trouble often occurs in this red-hot boom. As it pursues new growth industries, China is conducting an epic experiment uniting the public and private sectors.
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