Dr. Elizabeth Economy sits down with Gary Rieschel to discuss his two decades-plus working in venture capital in China, his experience starting his own firm, Qiming Venture Partners, in the country, and the evolution of the business and entrepreneurial space in the 21st century. Rieschel illustrates the early challenges in the VC sector, from a lack of infrastructure and difficulty in finding reliable partners to being part of a successful VC landscape that boomed in China during the late 2000s and 2010s. Economy and Rieschel then touch on the involvement of the government in the industry; from the problem with using State Owned Enterprises, how the government issues directives to shape the technology used in the business, and the eventual crackdown on private enterprise in China under Xi Jinping. The two conclude with a discussion of the current landscape of US-China relations and what the United States can best do to compete in a new era.
ABOUT THE SERIES
China Considered with Elizabeth Economy is a Hoover Institution podcast series that features in-depth conversations with leading political figures, scholars, and activists from around the world. The series explores the ideas, events, and forces shaping China’s future and its global relationships, offering high-level expertise, clear-eyed analysis, and valuable insights to demystify China’s evolving dynamics and what they may mean for ordinary citizens and key decision makers across societies, governments, and the private sector.
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The opinions expressed are those of the authors and do not necessarily reflect the opinions of the Hoover Institution or Stanford University.
© 2025 by the Board of Trustees of Leland Stanford Junior University.
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