12,000 startups are being created every day in China
- Thread starter Abdiwali22
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These communists are hella smart!
They started to realize the problems of unregulated internet financing namely fraud & embezzlement being the reality for 1 in 3 of finance companies. What they beat the west at is securing funds for small and medium businesses quickly without massive regulations and favorable tax policies especially for there growth industries.
Getting the private sector into these growth industries is gonna be direct competition with the west. By either buying out these industries or stealing their tech China is making big moves to the highest value chain.
Getting the private sector into these growth industries is gonna be direct competition with the west. By either buying out these industries or stealing their tech China is making big moves to the highest value chain.
The Chinese would've told you to study the Japanese.
All those Asian tigers just imitated what Japan did.
Within a generation in the Meiji period they caught up with the west in technology and started building better tech not soon after.
After ww2 they rebuild Japan, took the lead globally in cars, electronics and were heading towards being the richest country until the financial crisis happened in the 90s... after that they've plateaued into herbivores.
China is just a cheap imitation that hasn't even hit $10k gdp per capita yet.
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