The next Silicon Valley is in China -- Pascal's China Lens week 43
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- Опубликовано: 8 сен 2024
- Title: The next Silicon Valley is in China
Website: www.pascalcopp...
CONTENT. This video claims that Greater Bay Area from China will overtake Silicon Valley this decade. It explores what made Silicon Valley unique and why GBA around Shenzhen has all but one advantage, but on the upside has 4 advantages that Silicon Valley does not have.
TRANSCRIPT
Could any of the places in China out-compete the Bay Area, the Silicon Valley of San Francisco?
Could the next silicon valley actually come from China?
What is really the magic formula that Silicon Valley has? I think it's about 6 different things:
First thing is about the market; not only do they have a very big home market: North America
and Canada; but on top of it they're thinking global; they're instantly thinking about the global market.
Secondly, it's about money and we've seen that all the venture capitalists they flocked
to Silicon Valley to give their money to all these entrepreneurs and they had great returns.
It created more money and a lot of these entrepreneurs who became rich, became VCs.
That money is flowing. Especially to scale,. Silicon Valley is the place to go and look for money.
The third thing has to do with culture. If you've lived in Silicon Valley then you know
that these tech guys they just love coding, and they all want to work together and there's
this entrepreneurial culture and this pay-it-forward culture to help each other that makes the difference.
Then of course, there's infrastructure. One of the best places when it comes to the
digital and data infrastructure, but also silicon came from there, HP started there.
There's a lot of infrastructure and knowledge in that area to help other entrepreneurs.
The fifth thing has to do with regulation that is flexible enough to actually experiment,
the same time they're protecting the I.P., they enable tech transfers and stuff like that,
open innovation...So, great regulation to enable that spirit of innovation. Finally for me
it's all about talent. Universities like Berkeley or Stanford. They're top universities in the world.
It gets a lot of people to go to that area to learn and to research and to find out
the next innovation of tomorrow. But it's not just those two universities; it's also the
fact that the whole world - all the smart people in the world - have been going to Silicon Valley
because they believe the smart people are there; so it's clear that Silicon Valley has a magic formula.
Most of the cities in the world, anywhere, have been trying to emulate it, to copy it.
Specifically, they started thinking top-down: if we create more of these innovation hubs, and
R&D hubs, and we give money, and we attract scientists, and we do that close to universities and so on...
it will basically create another Silicon Valley. And so,
every big city in the world almost, claims to be the next Silicon Valley. But is it really true?
If you go and look more in depth in each of these cities, what you do see is that
it doesn't have the same width and breadth of Silicon Valley. What is the difference?
Well, I think the top down is one part, but you also need the bottom up - which are the entrepreneurs.
I believe there's some things that you really see that Silicon Valley has created - these giants -
which none of these other cities have done. Maybe they have one or two examples, one or two companies
as a reference point, but it's not like Silicon Valley that has dozens of them. And there's other
companies like Oracle, Intel, HP that aren't even on that list. But when you compare these
companies and you look at China, what you see is that China has an equivalent for each of these.
In the beginning - maybe 20 years ago - because Chinese innovation is very young it's like
20-25 years old, what you see is that there were a lot of clones and copies. But now these days..
is the reverse. Now, you see Facebook starting to copy Tencent; you see a lot of companies,
fighting neck-to-neck on a global level.. Think about Tik Tok and Facebook; think about
Didi and Uber. Companies that were not visible to the U.S. or to America at that time,
long time ago, and today they're fighting head-to-head. That is really because in China
there's both the top down and the bottom up. If you look at all these companies
they're based in many cities in China. But there are 4 main cities you can find them;
KEYWORDS
Pascal Coppens, China, innovation, trends, keynote, speaker, public speaker, silicon valley, GBA, Greater Bay Area, Shenzhen, manufacturing, Bay Area, Innovation
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China is the oldest civilisation with some of the most important inventions in ancient times. During its decline for most part of the last two hundred years, with foreign occupation and invasion, and then civil wars it became a bankrupt country servicing massive debts, some of which had been imposed on it unfairly as it was defeated in wars against multiple foreign alliance.
The US, under Donald Trump, formally started trade wars, tech wars and cold wars against China. Some of its allies joined in sanctions too. It was like a repeat of the eight most powerful countries in the world ganging up against China more than a century ago.
But China today is much stronger than it was a hundred years ago. China has been forced to spend on its military because of constant threat from the US and such like. However, China is spending on many other things that benefit its people. Research and development is extremely important in developing and advancing any country. Unfortunately, poor countries cannot even feed their people, so the poor will remain poor. What has happened in China in such as short space of time is a miracle.
@Ryan Alex No country is perfect all the time. Just look at the 1% elites controlling the West and let the bottom half of their own people suffer.
@Ryan AlexThere are more than 1.4 billion people living in mainland China. No country or organisation can control or monitor that number of people. In Chinese culture there is consultation and compromise behind the scene, unlike in the West where public debate and confrontation is deemed as democracy.
Shenzhen is not just an industrial city and tech hub but also a large scale of garden city
True - especially new areas.
Singapore is well-known as a green Garden City. Our founder n Late Prime Minister Lee Kuan Yew has always envision a green Garden City back 50 years ago. Thus, our Whole of Government embrace this healthy, beautiful visions.
Muddy, smelly River swamps were continually rejuvenated and transformed into beautiful parks, waterways, water activities, strolling/running parks and connectors around the whole island. Singapore is among the Most Liveable Cities of the World.
We're the beneficiaries of his Wisdom n Visions. 👍😍
Goodnews next cliliconvalley China.
Pascal, Thank-you for your most enlightening reports. My father was a professor of CompSci and Robotics for 35 years. After the formal establishment of relations with China in the 70's, he had the opportunity of interacting with numerous students from the PRC which to this day constitute the largest group of foreign students. He was completely amazed at the level of intelligence and talent taken from a pool of to this day 1.4 billion. Sadly, in many American's minds China has become an existential threat to America such that efforts have been made to obstruct their exponential progress. This anti-Chinese sentiment has become so apparent as seen in the media and is the only issue which has bipartisan political support.
Thanks for sharing
While I generally agree with you @James Ho, are we supposed to just ignore the militarization and territorial claims in the south china sea, the uyghur detention camps and the intellectual property theft?
There are full of smarts . Just think about the computer science and AI, all the theories were invented by who, the westerners. The AI started in Cornell in the early 60s.
The Nobel prizes of Physics , especially the theory ones, those guys are/ were in general all genius , like Feynman, cell-man. Caltech had tons of Nobel prize winners and most of them are/ were extremely bright.
Japan had two theoretical physics Nobel prize winners, one in 1948, the other 1965 with Feynman. The key was they were home brewed, educated in japan, did researches in japan.
India had two Nobel prize winners from India, the one got theoretical physic was educated in Britain and went back. His student had the experimental physic Nobel prize was solely educated in India and did research in India.
Engineering applications like computer science are relatively easy stuff in comparison to the high energy Physic. Those top smart people went into that field but had limited achievement.
Terence Tao, UCLA math professor, an Australian Chinese born in Australia and educated there, is called the Mozart of math. I doubt he would have the same achievement if he grew up in China today.
one of the rare non bias youtube channel about china .
Thanks
I would add personal safety to the list, this is becoming a very serious issue in the US, I can't imagine the young talents would want to start the career is this very violent society when the risk to the bringing up a family can be so high!
The anti China comments from australians and americans is HILARIOUS. They are UPSET
Haters everywhere
Usa has 0km network of bullet train where china stands at 40000 km
I believe it's like 30K, and 40K by 2030 - but what does 10K more or less actually mean when you compare with zero.
@@PascalCoppens It was 37,900 Km at the end of 2020, according to the Chinese government's website.
Thank you for another informative video. No matter how many trolls barking in the comment section, it does not change any fact and we are here for the facts that you have shared. Will continue to support your channel!
Thanks. Appreciated. When starting this channel, I realised some people would bark at me (and China). At times, personal insults still hurt, but I also realise that many, like yourself, appreciate my videos. I love making these videos to share my China insights for all those who are open-minded and interested to see China with a different lens. Those who use my channel to unleash their anger against China is something I have come to accept as a new reality.
@@PascalCoppens Just continue and press on, trolls and negative comments are part of the territory.. what's important is the truth
👍
Interesting and informative.but the irony is I am from India, though still looking forward to visit my neighbour country in near future.:-))
Best of luck!
It's not as ironical that you should interested in visiting your neighbor as it is for the government to be actively engaging in prompting sentiments in your country for parochial interests.
Good for you that you are not so erroneously influenced. Good luck in your future endeavours.
你只要友好的无所谓的过来玩好了，不要怕。
Iol. You are 1 in million from within Indian population 🙂 where the place who believe China is a 3rd world undeveloped nation and India is world developed nation after US and UK. 😆
@@koneos6580 ?? Who said that
Great video! Been into HK and Shenzhen few times, and Everytime I feel it's different it's better... Definitely agree with you 100%
Pascal speaks from experience and ground level exposure. I follow every one of your videos.
Really interesting, I'm a software developer by trade wouldn't mind spending a couple of years in the Greater bay Area sounds like it would be a nice adventure
It is a truly amazing place for IoT+AI+5G and much more...
I like Pascal's title for this video "The next Silicon Valley is in China". It is strait forward, self-assured and very positive. Not something like: "Is the next Silicon Valley in China?" like some other media would have put it.
For the talents, I think SZ has a great pool to source from: all the so called returnees. As life is getting more difficult and there is emulation and market in China, more and more Chinese PhD'S will leave the US and go to SZ to start their ventures. In my home country of France, few Chinese students stay because it's so damn difficult to find work.
As you mentioned, the scope in SZ is very broad, and having the biggest and most cost efficient manufacturing hub close by is a real plus.
My cousin started a company in SZ some twenty years ago making corporate gifts such as talking clocks for export. When the export market slowed down twelve years ag, he started designing more varied products for the domestic market. He then went on to develop speech recognition appliances and is working with a research lab in Beijing and a designer in France to make new products. And he is one of hundreds of such innovators in SZ, combining manufacturing and IT. This paradigm is the strength of Shenzhen.
And on top of that when you visit SZ from Beijing or Shanghai, there is a high probability that you would want to abandon your hometown for the green environment and the great Cantonese food.
You seem to have an interesting cousin. Thanks for sharing!
Another great video, Pascal. Thank you.
I think it's a really interesting question. It seems to be inevitable to me that one day Shenzhen will topple Silicon Valley, because momentum will always overcome inertia (even if it does come with a very impressive scientific ecosystem). For me it's simply about how fast the country has adopted and adapted to new technology. Allied to a seemingly unstoppable entrepeneurial spirit which always seems to re-emerge from the most improbably bleak episodes. I was amazed to discover the other day that by 2002, a mere 25 years after Deng anouunced the opening up, 50% of the economy was back in private control. It's not the story we're fed about China but it seems to me to be extremely salient.
Indeed. Today, its more than 85% private. We never hear about it indeed.
Pascal, thank you very much for sharing of your valuable information on China. Do stay safe and healthy!
Thanks
One more minus in the US side. They are banning Chinese STEM students. Most of the STEM students are from China, students are future talents 10 years down the road.
Agreed. Chinese universities produce the *most STEM graduates* (Science, Technology, Engineering and Mathematics) out of any other country in the world.
_Countries With The Most STEM Graduates_
*1. China (4.7 million)*
2. India (2.6 million)
3. United States (568,000)
4. Russia (561,000)
5. Iran (335,000)
6. Indonesia (206,000)
7. Japan (195,000)
...
Source: _Forbes: The Countries With The Most STEM Graduates_ forbes.com/sites/niallmccarthy/2017/02/02/the-countries-with-the-most-stem-graduates-infographic/
This implies that China is going to play a much larger role in the STEM fields, given the sheer number of graduates produced in these fields.
Interesting, I didn't know that but it doesn't surprise me, the us don't want stem technology because it cures and saves people's lives, they want people to stay sick to profit from the illnesses and shorten people's lives.
@@Shenzhou. Of course, that depends on if the STEM friends are allowed to be creative and reach new bounds, without offending the Chinese Communist Party. We wil see....
@@bartonlee3594 As the world's most populous country, China has (statistically speaking) the most *brainpower* to come up with plans and ideas, as well as the most *manpower* to implement said plans and turn ideas into reality. Larger populations have more geniuses, and since China's population is 4x that of USA, there should be at least 4 Chinese geniuses to every 1 American genius.
Source: _China's Statistical Advantage: Large populations have more geniuses_ iiipublishing.com/blog/2018/06/blog_06_07_2018.html
_Consider two standard bell curves, say one with 1.4 billion people and one with 326 million. The number of average people in China is very close to 4.3 times the number of average people in the U.S. That is also true for those in the top 2% say, which produces scientists, the best business and government people, and the most competent computer programmers. Even there, China would have a 4.3 to 1 advantage, which would be quite an advantage, everything else being equal._
@@Shenzhou. Totally agree with your statement, dude. The bigger the population, the more the brainiacs.
I believe in China.China has strong determination, good planing and hard working.
They plan to work and they really work their plan.
Awesome 👌🏻 Go on China 🇨🇳👏🏻 From Iran 🇮🇷
In December, China claimed the top spot on the Program for International Student Assessment - PISA - which tests 15-year-olds around the world in math, reading and science every three years. The 2018 test results marked the third time that Chinese students have topped the ranking since students from Shanghai first participated in the test 10 years ago.
Agreed, Chinese students scored the *highest for all three subjects* in the 2018 PISA ranking.
_PISA 2018 ranking for Mathematics_
*1. China (591)*
2. Singapore (569)
3. Macau, China (558)
4. Hong Kong, China (551)
5. Taiwan, China (531)
...
_PISA 2018 ranking for Science_
*1. China (590)*
2. Singapore (551)
3. Macau, China (544)
4. Vietnam (543)
5. Estonia (530)
...
_PISA 2018 ranking for Reading_
*1. China (555)*
2. Singapore (549)
3. Macau, China (525)
4. Hong Kong, China (524)
5. Estonia (523)
...
Source: _Programme for International Student Assessment_
@@Shenzhou. Meanwhile in the United States, they are using the cover of "social justice" to end advanced math programs (in California where Asians were the largest qualifying group) & systematically disqualify Asian applicants from universities (at Harvard where Asian candidates who excelled in every criteria were denied based on fake "character assessment" justifications).
This is an excellent opportunity for China to hire academics fearful of insane "SJW" doctrines interfering with their technical subjects...and attract bright minds who are clearly being discriminated against in America.
Last year Oracle the giant US tech company announced moving its headquarters out of the San Francisco Bay Area to Austin, Texas. HP Enterprise also did the same. You can see where Silicon Valley is heading.
More will follow...
Sorry, but this is based on erroneous analysis of the situation and is quite politicized, it's basically the political right wing whining about California leftists.
Pascal, go look at the actual data, who's leaving and who's coming to CA.
Who's leaving:
1) The poor, the less educated, mostly blue collar, and they are doing so primarily because of high real estate costs
2) Old non-growth companies. Hewlett Packard founded SV, but they are dead. There is no growth left in HP, they have no new products to sell, they are living on borrowed time from old enterprise contracts, much like IBM. HP is moving because while they have stagnant revenue prospects in the future, all they can do is lower their fixed costs -- taxes and real estate.
Who's coming:
1) California has net negative immigration to Texas, but if you look at white collar professionals and the educated, it is brain draining the rest of the entire nation. So 90,000 Californians moved to Texas last year, but 40,000 Texans -- mostly educated professionals -- moved to California.
2) California has more new companies created every year than are leaving. So HP and Oracle left. Oracle is on borrowed time, they sell on-premise installed databases. The future is Cloud. Amazon, Microsoft, and Google own that market. Oracle installations will only go down over time.
In that time period that HP and Oracle left, we had more than 3000 new companies established in SV. There were $174 billion worth of new IPOs in 2020 alone.
Here's the real data: www.jec.senate.gov/public/index.cfm/republicans/2019/4/losing-our-minds-brain-drain-across-the-united-states
www.ppic.org/blog/californias-brain-gain-continues/
So HP and Oracle leaving the Valley are about as consequential as Tesla buying the GM-Toyta NUMMI plant in Fremont. GM and Toyota left California, replaced by Tesla. Are we better off? Tesla market cap is $582 billion. Those IPO capital gains went to the CA government.
@@RayCromwell fair comment on those leaving the Valley and coming to California. I am not bearish on Silicon Valley, but believe China's Greater Bay area is catching up fast to replace it one day as major innovation hub for the world.
@@PascalCoppens I'm skeptical. I see some signs (DJI and TikTok), but a lot of activity looks like fast-follow behavior to me, and I have grave concerns of lack of what I'd call, counter-culture, rebellious nature, which is what you get in SV. People in SV are told no all the time, by their families, by the government, by the investors, by the establishment, and they persevere. What happens if you are working on a new quantum cryptosystem in GBA that has the potential to block CCP surveillance, and the local government warns you not to pursue it and tells investment banks it's toxic. Do you persevere?
No doubt, eventually GBA will get some ASML machines, and spin up a fab, and buy up a Broadcom or some other company, to get an end to end Silicon pipeline up and running where they can get positive feedback loops going. Eventually they'll clone the ASML machine too.
But that's a "catch up" model. It makes it a major hub. But does it make it a major *innovation* hub? Will the next *radical* Silicon change happen there? 3D lithography? Gallium based designs. Nanotechnology?
Back in the 90s, I was a member of the Extropians in California, a techno-libertarian group of philosophers, hippies, scientists, futurists, etc. We had Ralph Merkle in our group (Merkle trees in Bitcoin). We had Hal Finney (Proof of Work). We had Eric Drexler (author of Nanosystems). We had Hans Moravec (CMU Robotics Lab head). We had Brad Templeton (inventor of Objective-C used by iOS). We had Ted Nelson, inventor of Hypertext. We had top Boeing space engineers, top polymaths. Top cryonics researchers. People working on DNA computers. And it was all cross-fertilizing. Merkle was proposing Maximum Likelihood Entropy methods for Cryonics freezing damage repair in the Brain, they were looking into new control systems based on market economics years for anyone else (Agorics Systems), they were working on Digital Contracts (Nick Szabo), the kinds of stuff that eventually went into Bitcoin and Etherium. These people were artists, they were taking drugs, they were protesting the government (to the point where one of them is a fugitive in Canada now).
I could count a half dozen things I saw fertilized on the chat forums of that group which eventually became parts of huge breakthroughs we have today. Look at Nanosystems for example, this is the book that founded the field of Nanotechnology (www.amazon.com/Nanosystems-P-K-Eric-Drexler/dp/0471575186). The fields of Quantum Computation were spun out of the crypto community around ways to factor public key cryptosystems, which were again, created by a desire of many in the community to block government surveillance.
There's a lot of interactions going on that spawns innovative ideas. And I just don't think I see these kinds of ideas being *originally* published out of China. That's not to say that don't publish new ideas, but the ways in which they are produced are wholly different to Silicon Valley.
Take streaming, virtual goods, douyin, etc. The forces leading to innovation of those in China, especially the social forces, are quite different than those in the US. It's not clear to me whether the outcome of that for GBA are *global* products. TikTok is one of the few success stories. But it's the exception.
@@RayCromwell Those are some good points you brought up. The thing is, from the perspective of the rest of the world, China is arguably the largest market in the world. From China's perspective, the rest of the world isn't as attractive to rollout innovative products, as within China domestically, in order to take advantage of the established infrastructure in China, the streaming, DouYin, mobile payments, online shopping, makes it more attractive to innovate within China domestically rather than globally. I hope my meaning gets across.
That's an excellent and non-bias presentation. Especially with vivid experiences on both Bay Areas, helping give broad details on each Valley.
Glad it was helpful!
Of all the advantages of GBA you mentioned the speed is definitely the greatest one. Not only the speed of development of the product but the speed of its introduction in the markets and mass production/application. Unfortunately, in the US, the existing tech monopolies will often slow down or completely block the introduction of new products.
20 years ago, I went to Silicon Valley because to be in fast-paced tech scene; but returned quickly when I realised Silicon Valley was becoming slower than China - even back then.
No way, what a great info have you shared with us Pascal! You have won another follower, first time I watched your content and first surprise I had! Well done!
Welcome aboard!
I hope to see Cyrus Janssen and Pascal Coppens have an online discussion
Found your channel today. Immediately subbed. Loved your videos 👍🏻. Keep it up.
Thanks
Actually, Silicon Valley is kind of already Chinese--and Indian. Dr. Annalee Saxenian, who was Dean of the School of Information Science at UC Berkeley, said back in 1999 that the running joke in Silicon Valley is that 'ICs' don't stand for 'Integrated Circuits' but 'Indians and Chinese'. The majority of patent producers at Qualcomm, Intel and other blue-chip Silicon Valley are immigrant Indians, Chinese, and Koreans, who have also started many of the top companies there.
Indians and Chinese - love that!
@@PascalCoppens Thank you. About half of the companies in Silicon Valley were started by immigrants, mostly by 'ICs'. I also recently found out that 4/5th's or more of the patent producers at firms like Intel have Chinese or Korean surnames. They're part of the reason there's an original Silicon Valley.
That is where the biggest theft of intellectual properties by the US occurs. The theft of the best foreign brains. Without them the US would be a 3rd world country.
@@ba30agent37 Yes. According to Bloomberg, citing a Harvard Business School study, China experienced a net loss of 50,000 inventors from 2002 to 2011, while the U.S. experienced a net gain of 190,000 inventors. When the media talks about American innovation, it really is referring to the work of hundreds of thousands of immigrants. Just a brief look at Qualcomm's patent listings easily demonstrates this: patents.justia.com/assignee/qualcomm-incorporated?page=5
@@PascalCoppens have you ever hear of iit and taobao exams ;these are youth aspiration for Higher education in their respective countries.
Must google now about kota City (koaching centre of Asia /india)
I think Charlie Munger said it best, “who would have predicted a communist country would have rise so fast and drag so many people out of poverty”.
Because they never really understand China. Guess if they do know how America became a super power. China had zero private sector 40 years ago, that is fact. Today China has 40% of its economy made of private sectors, the number of billionaires in China passed US in 2017. If they understand why US became super power, they should understand China. The same miracle happened in America after world war 2 happened in China last 40 years, just at much bigger scale. Every 7 years double country GDP.
The 60% economy of China remain state own business. These state own business goal is not for profit. Their goal is gif public goods. Look at Singapore, China develop like large Singapore.
When western called China communist region, it mean they have no idea about China.
A side note, there are over 300,000 Chinese students study at US today. China spent billions last 40 years send students with government funds and private funds to educate Chinese in US. US has the best PHD program in the world. Last 40 years, 92% graduated PhD stay at US to serve US while 8% these PhD engineers decided to go back China. Today these America trained PhD in the all level of China government, city, state, and federal high level. You can say America trained engineers run China while US is run by Yale trained attorneys run US.
How could US compete against China ?
Communist party and People of China working together to achieve it, China isn't really a Communist country as of now.
@@babicomel2469 very true when a nation with 40% its economy is private sector. The measure to a system good or bad must look at the the bottom level of citizens. The westerners already passed the time when they can control China.
@@Yellow1964 I think the USA doesn't have to compete with China because the Chinese need the US Universities to get an education and one day the Chinese can't get an education anymore. The Chinese have a very bad education system as you say. Why the Chinese government doesn't develop the education system, Six Tao?
@@babicomel2469 Why do they call themself CCP, then? They hide that they are reached, maybe?
The US has RUclips and China has Bilibili. IMO, Bilibili is way better in terms of user experience. There's so much dimensionality on Bilibili that YT users won't understand.
If it's so much better then why are you still using RUclips?
@@maplenerd22 because he can
@@maplenerd22 If he can eat caviare,why he can't eat beef.
well tencent video is more popular in terms of users
@@maplenerd22 Hahaha , good one !!!!
_Writer: Vijay Prashad, the Indian Historian, Journalist...._
HE is very sharp, just like the other intellectuals outside of the US, they can see so clearly what's happening to the US and what's its problems really are.....
*Title: Mr Blinken really had ' blinkers on ' .*
The problem is NOT China, but the US.
The US has conned the world for far too long, with its smooth and sweet rhetorics through the control of the media, with grandiose moral high grounds of human rights, freedom of speech, democracy etc., when itself is among the chief violators, not only in the US itself but throughout the world.
The US on false pretexts bombed up Libya, Syria, Iraq, Afghanistan and Yemen ( through its proxies) among others, created the human refugees catastrophe for which Europe had to bear the brunt of handling it.
The US for decades had been an Evil Empire ,its actually the bull in the China shop.
It has also destabilized many Latin American countries, and now karma has shown up at its own southern borders with refugees.
I agree that Mr Blinken is a better looking version ( Version 2) of Mike Pompeo , but they are the same, carrying out the wishes of the American Military Complex.
The Americans don't follow any international law or order, though they keep pontifying about it.
They are above the laws and do what they like.
In short, they are the big bully and now the rogue on the International Stage.
At the recent meeting in Alaska, the US delegation was told to f...off, China gave the US a longer lecture in rebuttal.
The US asked China not to bully America's lap dog Australia by imposing tariffs on Australian goods, but it’s ok for the US to impose tariffs on Chinese goods.
The Australians are now feeling the pinch and the US is now trying to get Australia out of the ditch... more crudely out of the shit that the Americans pushed the Australians into.
The world now needs China more than China needs the world ... that's a debate by itself, for another day.
The US has resorted back to gunboat diplomacy.
Apart from forming Quad, the US had asked and Britain and France had both just obliged by each sending a warship into the Pacific Ocean, from its very depleted fleet.
This time round, China will not be intimidated. The Americans are sadly mistaken, that just because the West won the Cold War against the Soviet Union, they can win the Cold War, the Trade War against China.
China is the giant that Napolean forsawed will awake one day and it has now woken up.
China has delivered 700 to 900 million people out of poverty whereas more and more Americans have fallen below the poverty line.
Is food and shelter, not a basic human right ?
CHINA's progress did not come from the exploitation of other countries, like colonisation, rape and plunder and destruction of other countries, but through the hard work and the sweats toils and tears of the Chinese peasants and people.
Don't forget the suffering of the 60 million 'Lost/ Damaged generation of China. These were the children who grew up , who were ' abandoned' by their fathers and mothers who left their countryside to work in the factories in the cities and the economic zones. The children don't get to see their parents for at least a year or even longer... a tremendous social price that was being paid, so that American consumers can enjoy cheap goods.
At rallies after rallies, Trump retched up anti China and anti Chinese sentiments by accusing China of raping, plundering and robbing Americans because of repeated annual trade deficits for years of about US 550 Billion.
The question the world can ask is,
did China point a gun at the US to force it to buy Chinese products, unlike the time the West forced China to buy its opium.
The US bought Chinese goods because it benefitted the American Consumers.... it helped to keep inflation down in America. What Trump did not tell the American public is that each year US Companies in China reek in revenues to the tune of US 750 Billion.
Who forced the American companies to go and operate in China?
The West, America and Europe have developed at the expense of the AAA (African, Asian, Aboriginals) countries and peoples.. through colonization , exploitation, killings, slavery etc.
Enough is Enough, the 500 years curse is over.
The 21st century is the Asian century and Women will dominate.
Biden had called Putin a Killer and President Xi a thug.
The truth and the irrefutable fact is the Americans and the British have killed the most number of innocent people in all of human history.
How can America, a nation of about 240 years lecture a 5000 years old, Chinese civilisation?
The Wild Wild West foreign policy of the US will this time not work against China's Sun Tzu ‘Art of War'.
Sadly, the US today is the world's biggest terrorist and gangster and a threat to international peace and human civilisation.
Time for America to Repent.
Do not be surprised if one day, Russian and Chinese missiles rained down on the US... if the US persists with its wet dreams that God created America and Mickey Mouse created the rest of the world.
Ps . The Americans have been Rd able to convinced the Eskimos to buy refrigerators.
I still believe the Americans planted the Covid 19 virus in Wuhan.
Trump and Pompeo had been saying that the virus escaped from the Wuhan lab and they have the evidence. The whole world is still waiting to see the evidence.
Shenzhen also a great place for innovative entrepreneur to build prototype invention without all the knowledge by simply go shopping for talented assistants to speed up turning concept into working module. Even may not succeed but saving lots of time help decision making forwarding fast.
Foreigners in Shenzhen often say:go to Shenzhen to go from 0 to 1 and then back home to go from 1 to N.
@@PascalCoppens That's what l did b4 Covid had someone broker me hunt for helps from design a prototype to working model. Entire process only 7 months instead of yr long process.
y@@koneos6580 。
The Ancient Chinese Bagua (八卦) was the earliest Binary system is hardly disputable.
In this coding, a solid line is Yang (or 1) a broken line is Ying (or Zero). If you have these 2 broken & solid lines in 3 rows, or 2^3 = 8.
So several millennia ago, China already had a single Byte (8 bits) system of coding
very true!
True my wife explained that to me I was amazed.
Yeah but even more amazing, more than 2000 years ago, the Greeks built actual working mechanical computers: en.wikipedia.org/wiki/Antikythera_mechanism almost 2000 years before Charles Babbage.
Yes it was a German Jesuit who brought it back to Germany and those he shared it with created the binary system we know now. Little spoken about in the media.
Great video. China’s growth has been phenomenal. The government is now starting to regulate giant tech companies so that they are playing by the rules and wealth are more equally distributed.
Thanks!
Another excellent presentation. You provide great insight into China. Thank you.
Much appreciated!
Shenzhen is indeed a great and very inspiring place to be. Good presentation, just as always:)
Thank you very much!
San Francisco was my favorite city, now it is a tent city. What is going on ?
Why are the natives of Peking pooping in the streets ? 💩
@@haroldshipman5419 Making up story now ? Just like the media and our government? Have you seen yourself ? You can drive to San Francisco to see the great tent city today if you want to. Not just San Francisco, LA as well. Are we third world country?
@@Dawson2011H seem no one have sympathy to these homeless. We are a Christian nation, do we? The elite of the society is disgusted by the homeless population. No one even suggest what our government should do anything?
China started practice capitalism 40 years ago. As part of capitalism, some portion of community will not do well and became poor or even homeless.
China government started a war against the poverty and the country systematically to resolve the poverty issues, basically similar homeless issue we have. China already help 3x of US population last 20 years. They do not leave losers behind in their society. In our country, we careless of these homeless population
Lost no hope, for the tents are all made in China.
San Francisco unfortunately voted for CCP.
Very interesting.
Agree with all your viewpoints on this matter.
You didn't compare government control on the Big Tech industry, which is, in my opinion, much stronger in the USA than in China. Google, Amazon,Twitter, Microsoft, Apple, ... are much more political influenced, apply stronger censorship than Huawei, Tencent, Weibo, ..
That is an interesting topic too. Big Tech power. There is a saying that in US money drives the policies, while in China policies drives the money.
China has ambition of focusing on 5 city clusters. It's not only Greater Bay area, even Shanghai, Beijing, Chengdu and Chongqing are very important.
shanghai cluster is always most important area in chinese history, today is the same, hightest economy and technlogy is around shanghai , not great bay
I know. Thanks for adding it. I am betting on GBA to be the next Silicon Valley first.
@@partricklin9749 I lived in Shanghai for 18 years, and love the city. I see Shanghai more as the greater New York-Boston of China in future. Different vibes. Less about geeks, more about cool.
The "Chengdu - Chongqing - Xian" region is starting to be known as *_tri-cities_* and will be the growth area in West China !
One more area is the North East region, from the border with North Korea all the way to Shandong province.
@@clocktower1164 yes. I come from ChengDu.
China is really amazing country with innovation and technology. china is really a great country
You do know that in a communist country you'd be the bottom feeder? Need a reference? - Uyghurs. Future Reference? - Pakistan.
@@srevinUreuqnoC kitna bhi hate karlo woh humse bohut aage hai. Hum bhak bhak k elava kuch nahi kar sakte.
Thanks Pascal for your in-depth evaluation between the two places. I agree with you on almost all the points, keep it up. Hope to watch more of your video in future.
My pleasure!
As for talents, my guess is that SFO do not have enough domestic talents to fill in the gap, has no choice but to attract talents from abroad. While as China is basically the land of engineers, even its politicians a lot of the times have STEM background.
Overall, I tends to believe the US is too shortsighted, it got rich just because sitting on a gold mine. Its success is originated from its luck during WWii, thrived from war, and take it as the truth.
Most of top notch talents in USA are of asian ethnicity, articularly Chinese and Indians. White anglo saxon americans trailing well behind in STEM
@@oberstleutnant787 This is both wrong (your stats are wrong), and overemphasizes the important of engineers in creating innovative new companies.
Steve Jobs wasn't an engineer. Johnny Ives wasn't an engineer.
Moreover, quantity isn't the same as quality. If you look at any of the recent nobel prizes, or any of the recent breakthrough papers in AI or physics, you'll see a wide variety of diverse authors.
Many of the Silicon Valley top immigrant engineers are UK, French, German, and Swedish transplants.
@@RayCromwell innovation is just coming up with an idea, it requires engineers and scientist to turn the idea into reality. All the hardwares and softwares are developed by STEM people, whether you like it or not.
In international student STEM competition, US team members were mostly have chinese and/or indian surnames.
@@RayCromwell That is a good excuse to be lazy, which is the tumor in American style education. Please face the reality.
And please fact check what Steve Jobs and Johnny Ives's major before you publish your comment.
The biggest thing that says the next Silicon Valley will not be in the United States is the the fact optimism and excitement is no longer like it was before. In the good old days you can almost touch the excitement and optimism in the air in Silicon Valley. Every engineer and computer science graduate in the world just can't wait to go to Silicon Valley. I remembered walking into an electronic shop in Santa Clara for the first time and my mind was boggled by the amount of parts I could buy. From every components and microprocessors to oscilloscopes and police radar sensors. These shops are gone. Today the feeling is not there. You cannot afford to live there anymore. On the other hand, Shenzhen has the old Silicon Valley feeling. The excitement is in the air. The electronic hardware shops have moved to Shenzen. Even school kids in Shenzen can build advanced electronic stuff. It is exciting and it is changing so fast.
Without Asian talents America is nothing, so now China has money to attract talents but outdated oldfashion writing and education so make China hard to move ahead.
@@xenuburger7924 many China cities have high tech and electronic malls alone, untill that, America is not gonna catch up communist China anything especially high tech industry by local talents alone, while American silicon valley mostly by Asians especially Asian hate, America is losing high tech industry for sure now.
One more thing why the next Silicon Valley won't be in the US especially in Silicon Valley. It has to do with the garages. Many iconic products started in the garage. HP oscilloscopes, Apple Computer, Cisco router ( maybe not in the garage but in the sitting room) etc. In fact Silicon Valley was started in a garage. The high costs of house are driving people out. Young entrepreneurs cannot afford to live in houses with garages in Silicon Valley. Today you are more likely too see young startups from around the world including the US in co-working space in Shenzhen. The relative low cost, abundance of parts and a supply chain second to none is Mecca for startups especially those in building hardwares.
If you enjoyed this video, raise your hand to show your roaring support ✋🙋
Previously the pollution in China would be a problem, but now China is refusing the garbage dump from the west, and is making huge efforts on environmental issues, we see blue sky and clean air and clean rivers. So that problem is gone.
I would not say its gone, but the change is incredible. I made an earlier video about sustainability of China.
@@PascalCoppens Thanks, your video is very informative, though I think it is not fair to compare pollution by countries, for per capita CO2 emission, China is only half of that of the US. I have a question about how the share of manufacturing output is derived: we know that iPhones are manufactured in China but China only get 1.8% of the profit. If the 98 percent is counted towards the manufacturing output of the US, it would totally distort the statistics. If not, what is counted towards the Chinese output for iPhones? There are many other products like that.
Look at the number of IP patents filed by China and USA in recent years, it is evident that China is gaining momentum on talent gravitation and cultivation. Short term setback are current tech sanction by USA, virtually banned all Chinese student on high tech study and smear campaign globally. However, this setback may be short-lived as China self develop programs, as well as co-operations with economies that support its ambitions.
The biggest mistake US is doing right now is to fuel anti-China feelings, which will make Chinese Ph.Ds leave the country increasingly.
@@PascalCoppens totally agree, considering current anti Asian and gun violence atmosphere in US is frightening talents away.
@@PascalCoppens
I am beginning to see that this anti-asian sentiment in North America is discouraging Asians to come and settle here. It's still okay for the Indians. I am retiring soon and encouraging those who asked me to look at Asia particularly China.
@@lfish57 Fun fact: Since US stop to accept the F1 (student) Visa requests from China last year, the quality of the MS/Phd applicants increased dramatically in the top Chinese universities. The US government is helping China from the brain draining!
It resumes this year, but with the COVID status and the Anti-Asian sentiment in the US now, I don't think the students will come back to the same level before COVID.
@@lfish57 do enjoy your retirement with new energy. The centre of growth for this century is undoubtly in Asia with China the main engine. Investors and entrepreneurs not position in Asia is missing the vast opportunities.
I hope Borneo outperforms America, I see China as the only hope the world has of avoiding war, certainly stability, I think the Chinese are a lovely people, I’m British , unfortunately.
Chinese subscribe to the notion of LIVE AND LET LIVE
Borneo???
excelent analysis and you have convinced me. i buy a lot of ridiculous products from Shenzhen to export all over the world.
Two hundred years ago, Emperor Napoleon Bonaparte famously remarked that “China is a sleeping giant. Let her sleep for when she wakes up she will move the world.”
China has woke up, but the West seems to be sleepwalking right now.
It's time to wake up. So many humiliations. Enough is Enough.
How come in China, even a rural girl like Liziqi can become so wealthy?
@@Yellow1964 it's true that USA is jealous but china is not innocent either they always try to annex other's land in that respect USA is way much better .
@@ChandanSingh-hm7rd
Have you just emerged from a cave ? Which country has China annexed or colonised.
China is only interested in economic developments and trade with other countries. As an Indian, you should have better knowledge in world history.
Blessings.
@@ChandanSingh-hm7rd Which country bomb Libya, Yemen, Syria, lraq ( twice ), lran ( more than twice ), Afghanistan ( 20 years alone ) for a total of 30 years⁉ Which country has over 750 military bases all over the world⁉Which countries colonize other countries all over the world in the laz century⁉You are juz another sahib worshipping ignorant.
One should know It's "technology" that matters in competition or war.
I only wish China surpass US and the west in the area of technology
for the better future of the Humanity.
Better future of humanity? 😂
@Sand Fred Chinese invented the _Four Great Inventions_ (四大发明) which have greatly influenced the world through their respective areas. _Paper_ and _Printing_ made the transcribing and transmission of knowledge easier. The _Compass_ made navigation easier and dangerous journeys safer and more reliable. And _Gunpowder_ has changed the way modern wars are fought.
Whatever China's Bay area lacks will eventually be met. There is govt polity to drive that. In the US, there is no clear govt support, despite funds "available".
What is fkng us here in the US is bureaucracy, by the time something gets approved a year has passed
Spot on, Pal.
I love Pascal. What a brilliant mind.
He ignored what the ccp has done to jack ma. Companies are limited as long as the ccp is in control.
@@tuazonwarrior Then I'm jealous. (American.)
@@tuazonwarrior Capitalism favors monopolies, that's why Facebook, Amazon, Google and Apple dominate their respective industries and eliminated competition from smaller American firms. China actually has an *anti-monopoly law* to clamp down on anti-competitive practices in the industry, even Jack Ma of Alibaba is being investigated under China's anti-monopoly laws.
Jack Ma for president of China. The most clever guy in China and in the USA after Elon Musk.
@@Shenzhou. then look at what happened to Didi. Venture capital is at the will of the ccp.
Halfway through and already this deserves the comment of ‘brilliant show’
Thanks
Ik woon al 14 jaar in Guangzhou, en de laatste 6-7 jaar is gewoon waanzin als je ziet hoe alles veranderd aan breakneck speed waar totaal geen stoppen aan is! Gewoon indrukwekkend. Bedankt Pascal voor de geweldige video's!
Guangzhou was de eerste stad in China die ik bezocht in 1990. Als ik er in 2019 laatst was, dan kan men het verschil bijna niet meer vatten.
Nice video, Pascal! The Pearl river delta area is growing fast as well as the Yangtz river delta. In China, you see different regions also competes each other with policy supporting, which in another one creates more opportunities for starting businesses (the downside is bad filteration of the support makes the money not well-spent). I agree with you with the point about the talent (or first - tier universities) around the Pearl river delta. Most of the first-tier universities (especially engineering ones) are not there, nevertheless, I see they are attracting talents. There is the Shenzhen Unvi where probably gets lots of support from Tecent, and there is the SUSTech in Shenzhen heavily financially supported. So I am also very positive on this aspect. Government is also investing there planning things like Sci-Tech hub.
Thanks! Your point on competing policy support from different regions is a good addition. It makes local governments spend more money on attracting talent of the future.
@@PascalCoppens indeed, in recent year, you can find various local government-supported programs attracting talents. Universities are also initiating many "tech-incubator" like programmes funded by the local government trying to accelerate innovation.
Love your podcast has always. Shenzhen is Silicon valley. It's not even a question. Bill Gates, Wesley Clark and many more have stated this more than 7 - 8 years ago.
Probably, companies are leaving US Silicon Valley.:The American dream is already beginning to evolve to the American nightmare: US poverty increasing : $40,000 per homeless/year spent in SF; cost to pickup legalize crap after jails overflowing from homeless people: $32/crap, costing millions.:
Great video ❤️👍❤️👍❤️👍❤️👍❤️
Thank you
Go, China, Go.
I root for China.
For I don't like dirty nasty tactics toward China by some countries.,,,,,
Very fascinating, the nexus of economic activity and progress seems to be China now. I wonder what it will look like in 5 years, digital currencies, IoT, 6G etc etc.
I clearly remember 20yrs ago when publications used to say China would only be the world's factory (hardware) and India would be the world's software powerhouse. This was because of India's democracy and English speaking populace. It can't be further from the truth today, 2 decades later.
6G not yet in 5 years, more like 7-8 years, but the rest will be disruptive for sure!
@@PascalCoppens I wonder how this race will play out, will the west be transfixed on domestic social issues (woke politics) and economic disruption of China? Or will it take the high road and better itself to compete fairly for the betterment of humanity. We shall see.
P.s. what do you think of my edited comment above re China/India 20yrs ago?
Thank you! Another BRILLIANT and insightful presentation!!
mind blowing
Largest city in China in 2020
Shanghai. :600 billion$ (economic hub)
Beijing. :550 billion$ (national capital)
Shenzhen. :500 billion$ (silicon valley)
Hong Kong. :490 billion$ (finece capital)
Guangzhou. :400 billion$ (manufacturer)
Chongqing. : 360 Billion$ (cultural hub)
This explains even better my story. thanks for sharing.
A lot of manufacturing and R&D also moving to Chongqing/Chengdu region... Costs are less
Thank you for a thorough analysis! It is an education.
Biden is watching this video anxiously……
That would be so cool ;-)
@@PascalCoppens You had inspired Biden and scared a hell out of him these day actually. And yes he does watch your videos 😂
🤣
@@PascalCoppens Mesaw Sleepy Joe nodded off.
Lol
You are the witness, but many in West feel hard to swallow
It will take time
One cannot be the hero forever.
That is their problem.
BRILLIANT PRESENTATION... GREAT COMMUNICATION SKILL...
Thanks
.Excellent, rational and insightful presentation of a Chinese Silicon Valley, thanks!
Glad you enjoyed it!
China is lesson for the whole world.
I agree with you about the energy level and spirit in Shenzhen. You really need to go there to experience it
Absolutely. Irony, many whom self-proclaimed so-called" China Expert " etc. from else where ( 7/10 ) never once visited China which are arrogant, baseless, blinded, brainless, cheeky, childish, crooked, cultivateless, defiant, deception(self), delusional, depraved, family-disoriented, ignorant, immoral, shameful, uneducated formally... when written and speak anything about China !
I have always followed your shows. Thank you.
Thanks!
Having been on both sides and witnessing the changes first hand gives you a vantage view of the pace of developments. By drawing on the comparison, I believe you are also indirectly helping the policy makers in US channel their resources in a way that would help the US maintain their competitiveness and thus benefit consumers worldwide. That should be how technology should be deployed for the benefit of mankind, not just to maximise profits for the investors. May the Bay Areas on both sides prosper together with healthy competition and cooperation. Thank you very much for a very informative video.
Thanks. Hope it will resonate in SV.
unfortunately, we elected a lot of not real "policymakers", but true politicians who care only about their powers.
One of the other things is that the US military underwrites a lot of the research.
That is true. Today, with AI, it also goes the other direction that commerce is unleashing algoritmes that result in innovation applied later on for military.
Chongqing, a mega metro in the west , is an up and coming tech too.
True. I should have mentioned it. Also Hefei and Xi'an maybe?
If it wasn't for Asian talent that stayed in Silicon Valley, there would be no Silicon Valley.
The atomic bomb for Japan has many Chinese scientists in the team
Of course, Asian includes Indian, Iranian, ...not just Chinese - and also many smart Europeans went to US instead of building the industries locally. Migration to US is the biggest attraction to America - and they are jeopardising that now - especially with Chinese brains.
@@PascalCoppens That's why I said Asians and not Chinese. The West will never admit it, that Asians (all Asians) had a huge part in innovation and contributed greatly to the rise of Silicon Valley but the Asians will not get any credit for it.
1) The ranking of universities is based on, to put it mildly, a very subjective assessment. And have to say that there is no doubt that China's accelerated economic and social development wouldn't have been possible if the country's education system was not at a very high level.
2) The role and importance of the Communist Party of China is greatly underestimated. Only thanks to the CPC governance the level of education of Chinese society is at such a high level, and only one Communist Party can balance an economic policy that combines a market with a planned economy, private, state and cooperative ownership with such a strong social policy. Without this government, Shenzhen would not exist today. In fact, Chinese communists have shown societies outside China that only communists can balance the greed of capitalists with an adequate social policy that leads to the prosperity of the whole society, not just a small greedy and selfish part of it.
That's something the western and US regime's capitalists are doing everything to sabotage.
This is a guy really knowing china and shenzhen.
Thank you
99% will happen and maybe already happens.
Huawei just announced HarmonyOS for smart phones, how would it affect the world?
They announced that a while back indeed. I think the big breakthrough for HarmonyOS will be on IoT platforms, like wearables, cars, TVS,... For smartphones, HarmonyOS will be more successful outside of Western countries.
Finally, they can make it or copy it. I am sure it looks like iOS. It will be good for the world to have a cheap copy of iOS.
Well done, you talk facts.
More Sincere than others
I think one of biggest reasons GBA might pass SV is China’s talent, and China has a lot of very good talent. Look at the PISA test results, and China’s 14 and 15 year students test results is blowing rest of the world away. We in the U.S. might be in trouble.
would love to see more students from the developing countries to further their study and to build their career in china.
Me too.
Why not students from both developing and developed countries to further their studies in China?
So many comments from India. Now, I sincerely wish majority of the India people behave like these india commentators. Very Soon. In 2022 India will be the best Country and most Advance in the world. GOOD LUCK.
We as Chinese, we aware we are developing country, we need to work hard and put nation building on top of our priority, hopefully one day we will achieve good quality of living.
We will not belittle of other nations. If Indians think India is very great and better than China. So be it.
🤔🤔🤔🤔
But India is a dog of United States and have much poor people yet.
Good luck from every country against Weastern Imperism.
❤Love and 👍Repect to China-Rússia 🇨🇳🇷🇺 from Brazil🇧🇷
👍Respect India 🇮🇳 from Brazil🇧🇷
ruclips.net/video/LHLhmeKeLkE/видео.html
Paused at 1.10 second
Yeah, now it is the end of 2022, India is still the poorest, hypocritic, bloating
and dirtiest country in Asia.
You are right on. Universities are the biggest bottleneck. It was migration of Chinese elite families 1,000 year ago from north China to Yangtze River area that powered the area leading in cultural and economic development for the past hundreds of year. Even today, five elite universities, collectively known as "East China Five", are all located in Yangtze River delta. For Greater Bay Area sustains innovation and leadership, it needs to compete for top tier talents against both Silicon Valley globally and Beijing and Shanghai domestically.
Brilliant analysis and foresight. Follow up on Pascals work. Enlightening!
Thanks Roni!
Wow, this new look is refreshing.
Thanks. Tried out something new. Will try to improve as we go. Any suggestions welcome!
If China can explore mars, the dark side of the moon and develop hypersonic missile nothing can stop them.
True
Your video quality has improved greatly
Good to hear
He ignored what the ccp did to jack ma
Thanks to American exceptionalism it is rolling like a stone! Downhill!
Good presentation. Each year China universities produce about 1 million engineers and scientists if I am not wrong.
More. There are 4+ million STEM students graduating from Chinese universities every year.
China is leading the race for setting up of 5G base station in the world. It will force many leading AI companies outside of China to use China as a testing platform. China has the population has the citizen is used to using online usage to almost everything now. Even you are a big AI company and need the human data for the successful implementation of your AI software at scale level. You really do not have much choice at this moment. Shenzhen is the perfect city for the testing of AI.
God bless you Pascal
Great info with so many thought provoking issues. Specifically on the topic of attracting foreign talent vs local talent - I don't believe that is a limiting issue. The Factor is time. If we accept the primes that any population has the same pop distributions of talents than the important issue is experience. Over time experience will build momentum. If you want faster talent growth you add imported talent in addition to local buildup of talent. Given China huge population local talent growth will be at a faster rate than a smaller pop like other countries. That is why immigration is not as important a growth factor to China as it is to a country like the USA.
Innovation is about breaking new frontiers. Experience is good for upgrading legacy systems, which perhaps is not the deciding factor, but innovative ideas and talents are.
My belief is that it used to be like that. breaking frontiers. But the best way to break frontiers today is to have data, scientists and money. If you have all three, you don't need to wait for breakthrough ideas only. You can innovate away by investing in people and let algorithms come up with new stuff. But I fully agree, some breakthrough innovation can leapfrog a society still, just harder to predict who will be first China or US in the next breakthroughs. While iterative innovation is different.
@@PascalCoppens I worked in Research as opposed to Product development. The tendency was to think of research as innovation. I belief that innovation can happen in both.DATA is the key and experiences provide a lot of data. Both successful and failed Experiments (experiences) provide data. That is why AI is so dependent on data. Innovation is not only a new product buy can also be new methods or processes.
@@benwong4648 completely agree.
Another great video!
Besides universities, China is allowing dual language private schools, both secondary and primary, pop up in China, run by foreign institutions. If these schools work out well and local schools copy it's model, then the minds of China will be at a next level
My daughter went to such a bilingual school in Shanghai: Shanghai United International School 协和双语学校
Well said. The next explosion area is the China Greater Bay Area. Mark my words! Of course they will attract talent. It’s a numbers games. With 1.5billion people and the capital investment from companies and overseas investment. It will succeed.
Intersting RUclips name!
@@PascalCoppens My predictions will be by 2025 Made in China. Shenzhen already has the talent for the next Silicon Valley. People are already flocking over and it's buzzing. The whole China Greater Bay Area will have the energy and quality to rival anywhere in the world. I am seeing it happening already;)
Hard to believe we’re comparing the Shenzhen area to Silicon Valley. The growth of innovation and tech in China has been remarkable in such a short time
When are they going to get flush toilets?
@@haroldshipman5419 LOL. WHAT ARE YOU TALKING ABOUT TROLL? LOL LOL. GO TO BED AND KEEP DREAMING. LOL
Chinese Government leads technology R and D for China together with Chinese companies and business people like Huawei.
Great insight! I'm really looking forward to working in China for my next job. Shenzhen must be so good!
Brilliant work. Enjoyed every second of the video!
Glad you enjoyed it!
Great, now I want to visit Shenzen