INVESTING FOR THE LONG-TERM
China has identified a host of complex, research-intensive sectors including semiconductors, quantum computing, nuclear fusion, electric vehicles, and solar power as critical priorities for the nation’s economic development. But unlike investments in consumer-facing internet companies, investments in these “hard” sectors may take a long time to mature. Great scientific discoveries can take decades to move from the lab to the marketplace. Do investors have the patience to deploy capital over extended periods?
