Shanghai, a city of 24 million residents, is home to 36 universities and 20 industrial parks. Photo: SCMP Shanghai, a city of 24 million residents, is home to 36 universities and 20 industrial parks. Photo: SCMP
Shanghai, a city of 24 million residents, is home to 36 universities and 20 industrial parks. Photo: SCMP
Jake's View

Are Yangpu’s planners throwing 12 billion yuan after bad ideas?

The profit motive has driven commercial enterprises through human history, and now a bunch of Shanghai bureaucrats are upending that by throwing public funds behind startups.

Topic |   Jake's View
Shanghai, a city of 24 million residents, is home to 36 universities and 20 industrial parks. Photo: SCMP Shanghai, a city of 24 million residents, is home to 36 universities and 20 industrial parks. Photo: SCMP
Shanghai, a city of 24 million residents, is home to 36 universities and 20 industrial parks. Photo: SCMP
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