Startup industry development in China

The article analyzes the process of formation and development of the venture capital industry in China. It is closely associated with economic reform in the country, the gradual rehabilitation of private initiative. In the 10s. In the 21st century, China is witnessing a boom in start-ups associated with the needs of innovative modernization and growing government support for the country's private sector. The venture capital industry in China includes all the necessary elements for its ongoing development. By the end of the second decade of the 21st century, Chinese startups are playing an increasingly prominent role in China's movement along the innovative development path.