(Bloomberg) -- China, once the primary rival to Silicon Valley’s technology success, is now leading the global decline in venture capital investments. The value of venture deals in the country tumbled 44% to $24.7 billion in the first four months of the year, compared with a year earlier, according to data from the research firm Preqin. That’s almost twice the rate of decline in the US and nearly four times the pace of the global slide. A rout is sweeping the entire tech industry this year, which some have argued is well-earned and overdue. After more than a decade of...