{"id":16244,"date":"2007-12-28T02:46:40","date_gmt":"2007-12-28T09:46:40","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/2007\/12\/28\/tech-boom-sweeps-china-but-some-sense-a-bubble-ariana-eunjung-cha\/"},"modified":"2007-12-28T02:46:40","modified_gmt":"2007-12-28T09:46:40","slug":"tech-boom-sweeps-china-but-some-sense-a-bubble-ariana-eunjung-cha","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2007\/12\/tech-boom-sweeps-china-but-some-sense-a-bubble-ariana-eunjung-cha\/","title":{"rendered":"Tech Boom Sweeps China, But Some Sense a Bubble &#8211; Ariana Eunjung Cha"},"content":{"rendered":"<p>China&#8217;s the place where everyone wants to invest&#8230;right? Its tech sector, laden with both high expectations and unclear results, calls some things into doubt. For more information on the tech boom&#8217;s status and its possible future, read on. From The Washington Post:<\/p>\n<blockquote><p><em>Over the past decade, start-ups have proliferated throughout China, thanks to an aggressive government campaign to attract private investment. Many of the new companies focus on Web sites, but there are also computer-chip and telecommunications equipment designers, biotech development labs and medical-device makers.<\/p>\n<p>The state has created dozens of &#8220;new Silicon Valley&#8221; districts &#8212; glittering high-tech zones and incubators as big as cities, with such incentives as no corporate income tax for the first three years. The largest is Beijing&#8217;s Zhongguancun, home to 20,000 start-ups, most of them information-technology companies, with nearly 800,000 employees that together received more than half of the international venture capital invested in China last year.<\/em><\/p><\/blockquote>\n<p><!--more--><\/p>\n<blockquote><p><em>&#8230;Some fund managers are wary of what lies ahead in the short term, however, and worry that China is creating a tech bubble similar to the one that burst in the United States at the start of the decade. But venture capitalists, entrepreneurs and competitors point out that Silicon Valley remains a prominent tech center, despite the bust. They say the tech sector in China, which has an estimated 162 million Internet users, will be a force to be reckoned with. <a href=\"http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2007\/12\/27\/AR2007122702263_pf.html\">[Full text]<\/a><\/em><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>China&#8217;s the place where everyone wants to invest&#8230;right? Its tech sector, laden with both high expectations and unclear results, calls some things into doubt. For more information on the tech boom&#8217;s status and its possible future, read on. From The Washington Post: Over the past decade, start-ups have proliferated throughout China, thanks to an aggressive [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[6],"tags":[6095,5598,3741],"class_list":["post-16244","post","type-post","status-publish","format-standard","hentry","category-sci-tech","tag-tech-boom","tag-tudou","tag-venture-capital","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tech Boom Sweeps China, But Some Sense a Bubble - Ariana Eunjung Cha<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2007\/12\/tech-boom-sweeps-china-but-some-sense-a-bubble-ariana-eunjung-cha\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tech Boom Sweeps China, But Some Sense a Bubble - Ariana Eunjung Cha\" \/>\n<meta property=\"og:description\" content=\"China&#8217;s the place where everyone wants to invest&#8230;right? Its tech sector, laden with both high expectations and unclear results, calls some things into doubt. For more information on the tech boom&#8217;s status and its possible future, read on. 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