Twenty years ago, China’s manufacturing-based economy was one-ninth the size of the U.S. economy. The gap has closed tremendously, driven in large part by the explosive growth in the nation’s mobile-connected middle class.
How explosive? Even living and working in China, sometimes it is difficult to appreciate the speed at which the innovation ecosystem is growing here. China is the second-largest venture capital market in the world and has seen VC fundraising more than double in the last two years, fueled by the global aspirations of the government, entrepreneurs, and investors.
