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Another clarification: most of these VC in China is in a few, huge deals by Alibaba, Tencent etc. If one looks at the number of startups that are getting funding, China ranks very low.

I have lived in China for 15 years, am located in Beijing and am a founder of a startup.

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There are an incredible numbers of funded startups in China. You can't make up stuff because you live in the country.

http://www.startupsusa.org/global-startup-cities/

Look at Appendix 7 Top 50 Cities for venture capital deals Top 50 Cities for Pre-Venture Capital (Angel + Seed Stage) Deals

Especially the second one clearly shows it.

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