The Presidential Daily Brief


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    Why Are Chinese Startups So Hopeful?

    With no end in sight to the economic standoff between Beijing and Washington, one corner of the Chinese economy is actually thriving. Or at least it thinks so: Chinese startups are nearly 40 percent more optimistic than their American counterparts, OZY reports. That’s partly because a booming middle class — expected to number 550 million by 2020 — is driving retail spending, while funding remains readily available.

    What’s in store for the future? A broadly positive outlook helps boost growth, with two-thirds of startups saying they’ll increase their workforce this year and others investing more in research and development.

This story is part of The Presidential Daily Brief

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