I’ve seen a sharp influx of potential entrepreneurs to Shanghai when I was in town the last couple of months.
As the U.S. and European economies head south, I guess that people are looking at the growth numbers, noticing that China is still in the positive digits, and hopping a plane over here, hoping to get something going.
Starting your own company is hard. The vast majority fail quickly. In China, in particular, there are all sorts of regulatory restrictions about starting companies, and what foreign-owned companies can do, and how much money you can take out of the country if you do manage to make it.
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