With its economy slowing down, China is re-inventing itself as the next Startup Nation.
A new report by UHY International, an accounting and consultancy firm based in London, unveiled data showing China is in pole position when it comes to entrepreneurship, spawning 4,000 new businesses a day.
Since 2010 — when its economy was roaring at a rate of 10 percent — China has doubled the number of startups to 1,609,700 in 2014. The U.K. lagged a distant second.
