Mar 17, 2023
Biden's bailout of Silicon Valley Bank helped save the investment flow into China's sensitive aerospace and defense companies. We noted over the weekend that Silicon Valley Bank (SVB) was the bridge for USD capital investment for Chinese ventures. The South China Morning Post noted the bridge between SVB and China. The collapse of Silicon Valley Bank (SVB) has created a sense of panic within China's tech start-up and venture capital (VC) sector, as the lender served as a bridge between US capital and Chinese tech entrepreneurs. "Is the 2008 Financial Crisis happening again?" said a Weibo user with the handle MaxC. China is the second largest venture capital market and SVB was right in the middle of it according to Tech Crunch. Support Gateway Pundit by using promo code TGP at MyPillow.com -- and get up to 80% off! China, the world's second-largest venture capital market. Across social media platforms, investors and startups are rushing to share news articles
