Temat: Future is in China

Future is in China

Venture capitalists optimistic about China-survey

SAN FRANCISCO, June 10 (Reuters) - Venture capitalists are optimistic about the future -- but many believe that future is in China, a survey by their national group showed.
The survey of 725 venture capitalists around the world found that 42 percent expected more investment in China, with the United States likely to lose steam.
The National Venture Capital Association, working with Deloitte Touche Tohmatsu, found they thought China had the most to gain in terms of overall economic stature in the coming three years, compared to only 24 percent for the United States.
"That means 42 percent expect more startup investment in China," a Deloitte spokeswoman said.
By contrast, a majority -- 57 percent -- said that the United States had the most to lose over the next three years. Only 12 percent said that about China.
For more on the survey, click on ID:nN10406245 (Reporting by David Lawsky; Editing by Brian Moss)

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