TED Tech
What the world can learn from China's innovation playbook | Keyu Jin
Sep 22, 2023
Economist Keyu Jin discusses China's unique model of innovation, highlighting the importance of strong institutions, government support, and collaboration. The podcast explores China's transformation from scarcity to technological abundance, showcasing examples such as TikTok and BYD. It emphasizes the need for learning from China's approach and fostering collaboration to address global challenges.
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Quick takeaways
- China's success in technological advancements can be attributed to its collaborative innovation ecosystem involving universities, national labs, industries, and significant state funding.
- China's unique 'mayor economy' model, combining political centralization with economic decentralization, has played a crucial role in fostering innovation by actively supporting and incentivizing promising tech companies at the local level.
Deep dives
China's Remarkable Technological Growth
China has experienced remarkable technological growth, transitioning from a country of scarcity to abundance in just a few decades. From high-tech innovations to everyday tech, China has become a leader in various technological advancements. Despite being a developing country, China has showcased its ability to excel in technological areas such as EV production, mobile phones, and quantum video calling. China's success can be attributed to its innovation ecosystem, which involves collaboration between universities, national labs, industries, and significant state funding. This approach has allowed China to become a global leader in EV production and other technological sectors.
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