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The venture capital model is broken, and this damning report explains why (454 Tweets, 10 comments)

The unique strength of China's reform and opening-up process has been that China's government has, for over 40 years now, steadily pushed the gradual institution-building that allows markets to work well. The Oct 28-31 Fourth Plenary Session of the 19th Communist Party of China Central Committee continued this reform push by explicitly setting, for the first time, "promoting modernization of the country's governance system and governance capacity" as the overall goal of comprehensively deepening reform.

The value of sales of food, alcoholic drinks and tobacco decreased 11.1 percent. Sales of jewellery, watches and clocks, and valuable gifts fell 25.7 percent in value, electrical goods and other consumer durable goods, not elsewhere classified fell 38.7 percent.

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The way to safeguard peace and stability in the Taiwan Strait is to abandon "Taiwan independence" and a hostile mentality, said An Fengshan, spokesperson for the Taiwan Affairs Office of the State Council, at a press conference.

The university won't know how many students actually enroll until the school year begins in September. Traditionally, the school has been a tough sell. It's in Laramie, a city of 32,000 about 120 miles and a two-hour drive from Denver, Colorado, the nearest major city.

The village is just one high point of the Green Rural Revival Program in Zhejiang, which the province launched in 2003 to restore the environment through management and recycling of water and waste, targeting thousands of heavily polluted villages that were on the brink of extinction.

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The village had no roads, electricity or optical cables connecting it with the outside world, and heavy snow was forecast, which would seal its isolation until the following spring.

The victims were later identified as 54-year-old officer Anthony Morelli and 39-year-old officer Eric Joering, Westerville Police Chief Joe Morbitzer announced during a press briefing Saturday.

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The whole industry will likely maintain a 20-to 30-percent annual growth rate in the next 10 years.

The violent clashes unfolded at around 3:30 pm on Sunday, when a large group of protesters ignored police's warning, branching out from a public assembly and blocking carriageways in Sai Ying Pun and Causeway Bay, causing traffic obstruction in a number of areas on Hong Kong Island.