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.