TED Talks Daily What the world can learn from China's innovation playbook | Keyu Jin
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May 15, 2023 Keyu Jin, an economist known for her advocacy of bridging divergent worldviews, shares compelling insights on China's rapid technological advancements. She discusses the unique dynamics of innovation in China amidst U.S.-China tensions, highlighting the importance of mutual understanding. Jin also emphasizes how competition between the two nations fuels innovation, showcasing companies like BYD making waves in the electric vehicle sector. Her call for global collaboration offers a fresh perspective on tackling pressing global challenges.
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China's Transformation
- Keyu Jin recalls growing up in China with scarcity, including rationed food and blackouts.
- Now, China has abundant technology, even in remote areas.
Innovation Despite Lower GDP
- China's innovation thrives despite being a developing country with a relatively low GDP per capita.
- Keyu Jin emphasizes the importance of understanding different systems for potential collaboration.
One-to-N Innovation
- Innovation isn't just about inventing new things but also about new applications and cost reduction.
- Keyu Jin highlights how China excels in one-to-N innovations, adapting existing tech for broader use.