"Everything is possible, but nothing is easy."

In the same way that some Chinese cities are bigger than many countries, so Bejing’s venture capital (VC) industry is now bigger than Germany, according to data provider Dow Jones.

But while China’s capital might dominate politics and venture capital, one of the most innovative regions in the People’s Republic is Shanghai.

Between 2002 and 2008, Shanghai took in 29%, $2.8bn, of the near-$10bn invested by the top six regions, according to data provider Zero2IPO Research Center. This was about…