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Thread: China Rising Innovation Power

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    Veteran Member zhaoyun's Avatar
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    Default China Rising Innovation Power

    Been saying this since my last trip there in 2015, China is massively transforming itself from the world's factory to an innovation superpower. This is only the beginning, but the impact will be huge in the next ten years.

    This documentary was made by Japan's NHK so you know it's not positively biased.


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    Can you imagine how large an insolvency industry 12,000 startups a day will create. China will need to create an agency to support those affected by the attrition/failure rate of these startups. Now that sound like a growth industry in itself.

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    Veteran Member zhaoyun's Avatar
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    Quote Originally Posted by frankhammer View Post
    Can you imagine how large an insolvency industry 12,000 startups a day will create. China will need to create an agency to support those affected by the attrition/failure rate of these startups. Now that sound like a growth industry in itself.
    Yeah obviously only a small percentage of those will succeed. China's big cities are very stressful places to live full of intense competition. I live in one of the most competitive, stressful cities in the US and the tempo here is "laid back" compared to most of China's big cities like Beijing or Shanghai. That's why I would never want to live there, I am barely even wanting to live where I am now.

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    China is a primary candidate in becoming the next superpower. As we say here: "The future lies in Asia, not the western world"

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    Quote Originally Posted by Gilgamesh900 View Post
    China is a primary candidate in becoming the next superpower. As we say here: "The future lies in Asia, not the western world"
    The economic vibrancy in the cities there are downright insane. Just so much business, so much hustling going on. The energy is really through the roof.

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    China is a powerful state but Chinese people have shitty life standards. They should import North East Asian men and have them mate with South East Asian Chinese women, this could contribute to the country's future...

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    Quote Originally Posted by Kazbolat View Post
    China is a powerful state but Chinese people have shitty life standards. They should import North East Asian men and have them mate with South East Asian Chinese women, this could contribute to the country's future...
    Don't worry, I've already imported your mom.

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    Its nice to have China close to you, loads of trade, building contracts and such can be done by a fairly decent price.

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    Chinese seem to over power native Europeans when it comes to businesses and investments. Some been said that they're the Jews of Asia, which is true as they have a great sense to trade and make profit overseas. If the Chinese dynasties didn't stop sea trade during the XV-XVI century then China could definitely stop the growth of European dominance across the world.

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    Quote Originally Posted by babuk View Post
    Chinese seem to over power native Europeans when it comes to businesses and investments. Some been said that they're the Jews of Asia, which is true as they have a great sense to trade and make profit overseas. If the Chinese dynasties didn't stop sea trade during the XV-XVI century then China could definitely stop the growth of European dominance across the world.
    Chinese people are usually extremely hard working and determined. Financial success is very ingrained as a driving force in the culture, that's why overseas Chinese communities usually have extremely high levels of business ownership.

    The only reason why China was a laggard in the modern world was because their leaders were idiots and kept the people back. Now that the people are allowed to succeed, the pace of development has been mind boggling.

    All Han Chinese are pretty business minded, but the Southerners much more so than the North. But China has such a huge population, it doesn't really matter, there are huge numbers of entrepreneurs throughout.

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