An anonymous reader shares a report: Venture capitalists in clean tech are starting to say out loud what they've suspected for a while: China's dominance has left key sectors in the West uninvestable. A group of eight VCs from Western firms agreed to share with Bloomberg the details of a July road trip across China during which they visited factories, spoke with startup investors, and interviewed founders of companies.

They knew China had raced ahead in sectors like batteries and "everything around energy," but seeing how big the gap was firsthand left them wondering how European and North American competitors can even survive, says Talia Rafaeli, a former investment banker at both Goldman Sachs and Barclays who's now a partner at Kompas VC. "Everyone needs to take this kind of trip," she said.

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