China’s Investment Boom in Future Industries Raises Bubble Concerns

China’s drive to excel in cutting-edge technologies is fueling a surge in venture capital investments, with startups in burgeoning sectors like commercial space, quantum computing, nuclear fusion, and artificial intelligence attracting substantial funding despite minimal revenue. Beijing’s focus on “strategic emerging and future industries” aims to bridge the technology gap with the U.S., emphasizing sectors such as aerospace, robotics, biomanufacturing, and hydrogen energy for future economic growth. One standout is Shanghai-based Tectronic Maritime Space Systems, a three-month-old startup seeking a $22 million investment at a $1.5 billion valuation. The company eyes further funding rounds totaling $3 billion over five years…