Investments targeting the country’s ‘new economy’ continued to slide in the second quarter, down 62 per cent year on year to 154.3 billion yuan (US$22.4 billion). Photo: Bloomberg
Tech /  Start-ups

China’s tech investments continue to slide, dragging down global activity in venture capital sector

  • The World Bank expects China’s economic growth to slow to 6.2 per cent in 2019 from 6.6 per cent last year
Topic |   China technology
Sarah Dai
Sarah Dai in Beijing

Updated: 10:16pm, 5 Jul, 2019

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Investments targeting the country’s ‘new economy’ continued to slide in the second quarter, down 62 per cent year on year to 154.3 billion yuan (US$22.4 billion). Photo: Bloomberg
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Sarah Dai

Sarah Dai

Sarah Dai, based in Beijing, covers technology and capital flows in the world of start-ups in Greater China. Previously, she worked as financial correspondent for Caixin Media in Hong Kong for over two years and wrote for China Daily in Beijing and London.