The party line answer is that Chinese govt censors internet and purposefully helps local companies against foreign competition. But internet censorship and authoritarian govt isn't unique to China. Saudi Arabia, Iran, Russia, Cuba, North Korea, etc all maintain tight grips on the Internet yet they do not have domestic web companies flourish. What gives? And what does it say about the rest of the Free world (France Germany UK Australia Japan New Zealand Nordics) when no one can come up with a google or FB or Amazon competitor? Freedom of internet hurts a countrys chance of having its own silicon valley???? Very interesting perspective indeed
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I’m Sooo Happy about Biden signing TikTok ban bill today!!
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I haven’t done shit today!
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Heard congress distributing wealth
Big, nationalistic population?
The party line is just a pitty self-imposed pride. Simple fact is that Chinese companies work hard and innovate like crazy nowadays. In a fully competitive market, everyone does their best because users choose with their feet. Look at WeChat, all mobile payments via 2D barcode, Tiktok, and many others. They may suck in fundamental tech but they ace in product. “Copy to China” was already 10 years ago and now more silicon companies actually start to copy from China.
Can you name 3 innovations that came out of there?
Reverse engineering :)
High growth + protectionism. They got no choice but to use their software. Also if they are so good, why arent other countries using them?
If u talk about wechat and tiktok. I do think not only chinese use them
They start to work at 9am, go home at 9pm, for 6 days of week
The Europeans are too busy slacking off and enjoying themselves and the government benefits. They can’t be bothered to work on actually creating a workable product. It’s only after Trump called Europe a “foe” that they have begun thinking of creating their own software and technologies to be independent from the US. Good luck with that. In the meanwhile, China is hungry to prove itself and it has always been on the receiving end of shit from the west so they’ve deeply invested in building indigenous capabilities which you see as multi billion dollar enterprises.
Good analysis.
The SRIP 2018 report states “Europe is a research powerhouse and a global leader in high quality science”. Europe falls then short in entrepreneurship, which transforms science into companies. But remember that many US companies rely on European ones to provide highly specialized components. So they are very relevant in the market place. Finally in some industries they are leaders, see fashion, high end car makers, food and pharmaceuticals.
If a local app succeeds in AU with population of 24mil vs 1.4bil in China, would it make the news?
1.4 billion people. Somebody's bound to do it right.
Lack of regulation in a free market leads to a race to the bottom---the companies operating in the least regulated jurisdictions have a competitive advantage, all other things equal. If the EU wants its own Silicon Valley, then it must either lower its regulatory burden to be similar to that of the US, convince the US to increase regulations to be more similar to the EU, or implement protectionism so their domestic tech industry is shielded from competition against American tech companies. Those are the only three options. China has made its choice---I may not agree with it, but that's how it is.
Well, I don’t understand why the media would like to used words with totally different sentiment to describe the same thing. E.g. NY Times would complain that China “censor” the internet while they also think that FB and Twitter should “police” the content.
The difference is that Twitter and fb block your posts if you say "the Chinese govt was right to slaughter those kids in tianamen square". In China the govt blocks any mention of tianamen square so the population thinks it never happened. This is not a subtle difference.
Believe it or not, the US is going exactly the way China experienced in the 1970s in the culture revolution. “I vote for freedom as long as it is the way I want. Everything I don’t agree with is pure evil and I vow to protect freedom and kill these evil.” Hence NY times’ vote for censorship.
What are you even talking about?