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‘The worst is over’: Tech investors are bullish on investing in China again



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Tourists watch dragon dance to celebrate Chinese New Year, the Year of the Rabbit, at a tourist attraction on January 30, 2023 in Kunming, Yunnan Province of China.Liu Ranyang | China News Service | Getty ImagesTech investors say the worst is over as China reopens and exits its zero-Covid policy.”I think the government has a clear signal about what they hope to do this year in terms of gross domestic product growth, jobs and domestic consumption,” said Chibo Tang, managing partner at Gobi Partners, which invests in early-stage tech and media companies in China.In December, the Chinese government pledged to raise domestic consumption and boost growth in 2023. China’s economy grew just 3% in 2022 – far below the official target − weighed down by tough Covid restrictions and a property market slump.”There will be pent-up consumption in Chi …

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