Subject: China startup risks
I think we were talking about China's rapid ascent up the technology ladder a few weeks ago. But it looks like there are some significant risks in starting up a new venture in China.

https://www.ft.com/content/38f...

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Chinese venture capitalists are hounding failed founders, pursuing personal assets and adding them to a national debtor blacklist when they fail to pay up, in moves that are throwing the country’s start-up funding ecosystem into crisis.

in its recent report on redemption rights, said they had turned entrepreneurship into a “game of unlimited liability"

Once blacklisted, it is nearly impossible for individuals to start another business. They are also blocked from a range of economic activities, such as taking planes or high-speed trains, staying in hotels or leaving China. The country lacks a personal bankruptcy law, making it extremely difficult for most to escape the debts.
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