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

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

TOP PICKS

Shanghai, a city of 24 million residents, is home to 36 universities and 20 industrial parks. Photo: SCMP
READ FULL ARTICLE