🧠 Summary: China has announced a massive $138 billion (1 trillion yuan) national venture capital guidance fund with a 20-year horizon. The fund targets high-tech sectors like AI, quantum computing, hydrogen energy storage, and semiconductors. It aims to attract both local government and private sector capital and drive innovation through long-term, high-risk startup investments. Officials emphasized this as a strategic response to global tech competition, particularly with the US.
💬 Prompt: Can large state-backed VC funds like this become the new normal in deep tech investing? What can world learn from this in building its tech innovation ecosystem?
📚 Source: Benzinga / CNN / TVI Today
#tags: #venturecapital #AI #deeptech #China #innovation #quantumcomputing #semiconductors #policyfunding