Research Fellow @HooverInst. Host @ Peking Hotel & @Jifengbooks. 季风播客主持人. A polemicist grew up in China and UK, building a united front against bullshit
Nice & smart piece by Bohan, really hit homes a few topics sitting on my mind: scarcity of capital vs entrepreneurs (hence the onerous terms against them), lack of M&A, risk appetite of gov funds, and mysterious middlemen. The competitive pressures in China breed new species.