China changes so fast. Every other year when I visit, there is a new bus line or railway or subway line, new fashion trend, new popular words, new popular dishes, new trend in pop culture... it is hard to participate in conversations with my Chinese friends because they always have new hot topic to debate about, except children’s education, that will never change.
Living since 20 years here in China and saw it first in 1995. "China changes so fast": Reasons might be (a) Lacking infrastructure (WEF 2019, China placed 46, U.S. placed 11 - with its crumbling infrastructure. Meaning: China still has a lot to build. (b) Network effects .... thoughts, ideas, trends etc. spread quickly - if left uncensored ....
@@wernerheil6697 Yes. The control of information in China paints a much rosier picture than reality supports. This is one reason for all the "Chinese Century" "China Superpower" books and lectures. It's become dogmatic, yet it doesn't seem like the world wants to follow China - at all.
@@Chironex_Fleckeri what ur saying is actually very true. China is losing it's allies rapidly and that happened during the Donald Trump regime. Now with Joe bden as president China is doomed (in terms of friends and allies). The only friend china has right now is pakistan (which frankly speaking is the worst economic situation). Others like Vietnam, Bangladesh, Japan, S Korea etc are against china. I think the Chinese regime and Xi Jinping are stupid to throw away their allies.
If you go to the Shanghai car exhibition, you will be amazed by the innovation. The interior design of the home grown new cars made the European cars look arcade. Plus they are affordable.
@John Buffalo I am 98 Thank ridiculous. China was a great civilization when those in the British Isles were running about naked and chasing wild pigs for uncooked good.
@John Buffalo I am 98 man, I hate when I have to remember history: 1820, 1840, 1860. BRITISH DESTROYED CHINA CIVILIZATION. I always mad when I remembered those years.
@John Buffalo I am 98 China was already a great civilization long before the British existed. Your kind of people in that part of the world was still wearing leafs then.
I had this hypothesis for long time. In the B2B context, it is also crazy to see how willing for Chinese companies to adopt new technology. In China market, “new” equals to “superior”. Great video!
When I was in a rural town, every food stall, shop used QR codes for payment. Far more elderly were using smartphones than I’ve seen in American cities. The difference in hi-tech adoption is huge. Now only if they’d pay attention to low-tech.
I was born in Shanghai in 1974, left Shanghai 1979, arrived in US 1983, went to Hong Kong 1984, back to US in 1991, back to China in 2002. Man, the past 15 years, China went from "still China " to "unbelievable... not way this is China" ..... I was already in San Jose, CA from 1994-2000, and I still cannot believe, what China have turned into. I must say, China is now amazing
Great points. We focus so much on the innovators that we overlook the importance of the consumer’s willingness to use the new technology. The latter is where China excels.
I think the reason is partly because the old system (like going to a bank) was quite bad in terms of cost, ease of use.....so when presented with a much improved system people quickly adapt to it. In the USA there was already a good system (like physical credit cards) so when there was a slightly better system come out (Apple Pay) people will not as rapidly adapt to it.
@@johnl.7754 Maybe, but I think you also pointed out another reason, which the Apple Pay is just a 'slightly' better system than credit cards. But in my opinion the Chinese mobile payment system is a different story. 1. You need an Iphone, not other brands. 2. Apple Pay uses NFC, Chinese mobile payment system use QR code. 3. Apple Pay is used for shopping (B2C), but Chinese mobile payment can be used for B2B, B2C, and C2C. I never used Apply Pay maybe i am wrong but that's what i feel about it, it's just a slightly better payment 'option', but not the real 'cashless', because you still need to carry cash and credit card with you in case that not everyone/shops have it. But in China you can get rid of your wallet in daily life, that makes different, so people are much willing to adapt to it~
@@民主youtube一直无理由 yes, Cash App and Venmo are more comparable applications. Beyond the P2P payments, they are diversifying into investments i.e. stocks, crypto, options, etc. I agree that many of these still pair with a credit card for ease of payment. I am curious, how developed is the investment brokerages/applications in China? Is financial literacy high? I hear about the stabilization of the stock market, but all my info is from news coverage.
@@johnl.7754 Hi. I think you have made a good point, but your point is not entirely accurate. It's not that credit cards and debit cards were not there in China. For example, most people don't know this, but the Chinese UnionPay is THE LARGEST card payment organization (debit and credit cards combined) in the world, ahead of Visa and Mastercard. And if I remember correctly, UnionPay was already the largest debit card system in the world at the time of the introduction of WechatPay (or was it AliPay?). (It was also the 2nd or 3rd largest credit card system in the world) So it isn't that they didn't have the card payment option. It is more the case that their card payment organizations were too careful when they evaluated applicants (as they SHOULD), resulting in not everyone getting the card. In the West, I heard stories of someone (I think in Australia) trying to prove banks were effectively forcing cards onto their customers by applying for a card using his dog's name (of course with all fake details), and actually getting the card. It is this difference that helped the widespread adoption of mobile payment in China since ANYONE can get this payment option. But this is of course only one of the reasons. As Zak mentioned in his talk, people in China are EXTREMELY open to new technology and new innovations. That is probably a more important reason than this other reason we are talking about.
@@ChinaSongsCollection your probably more knowledgeable then I am...I lived in China for over 10 years just remembered the hassle and expense (minimum 50 rmb I think) my wife had to spend to transfer money to someone and that it had to be done at a bank branch which often took over an hour. Mobile payment also probably took off since probably everyone had a mobile phone so no additional machine had to be purchased to do the transactions.
Well articulated. I run a couple of businesses in China, and often say something similar when presenting. Westerners are often quite skeptical, especially those from places like Silicone Valley, believing that they are way ahead of everyone. But in China even beggars use mobile payment. :-)
?? There’s no beggars in China when literally the gov helps w poverty. Shouldn’t U k that because China has been waging a war against poverty for years, ppl in poverty r the ones to declare themselves if they are out of poverty or not. There r still places in China that are still in poverty such as those mountainous places. Last place to get out of poverty in China was Yunnan. Poor areas but def not beggars
@Nij Jin Are you sure? Absolutely sure? I don't doubt China's historical elimination of absolute poverty but let's be honest, there are bound to be people, especially in urban areas, that fell through the cracks (or wasn't registered as a poverty-alleviation target) for whatever reasons - and not all of them have a village house or piece of land to go home to! You may not see any beggar in your city but it doesn't mean _every single person_ in China is able to afford life in their part of the country without financial help. China is far too big and populous for anyone to know for certain. But I agree that beggars will become virtually extinct soon - presumably city officials will provide assistance to get them off the streets since, as you said, they shouldn't exist no more!
They have this kind of mindset and questions because they never carefully study about Chinese history on tech and innovation. Oh! And the bias about communism.
Excellent observation. For innovation to prosper you need a 'need' for it. The willingness by the customers to experience new things including trial and error etc.
Yeah, being longtime users of old tech, americans are almost hardwired to resist new innovations. The chinese emerged economically able enough to afford tech, did so during the fast pace of digital and internet technology. That is why they are very receptive to new innovations/technology. They weren't tied doen to legacy or old tech.
next one booming in china will be EV, just like mobile phone market. More and more chinese choose EV& PHEV car. NIO & BYD will start to sell cars in EU market this year. th-cam.com/video/T4ScVAgFpKM/w-d-xo.html
@@pass3d Indeed. Driving in Beijing is rather interesting. Lots of Japanese and European cars, but now their is a fair number of Chinese cars on the road as well. EVs are still in the minority by far, but their numbers are visibly increasing - something easy to observe when EVs have a different license plate.
You are missing the biggest reason. The century of humiliation and opium wars and unequal treaties, which drilled into all chinese minds to never fall behind in tech again, otherwise the imperialists like west and japan will come with gunboats again, just like usa and west sailing carriers and destoyers and threatening china, STILL. west still upset that china runs china the way Chinese want and not the way west wants. Before they could use gunboats but now they can only resort to "trade war" which does fuck all and only makes china more united and resistant, again due to this history. This progressive mindset is drilled into all chinese during school and history classes, if we ever become complacent and ignore the rest of the world and fall behind in tech, or others steal our tech like guns and gunpowder, rockets and compass etc, they will come to china and use those to contain and oppress China, just like in the past and current day. So tech and progress isn't just about curiosity and adoption for material benefits, but it's an existential issue which all chinese know and support for the good of the country and it's future.
China has more that 1.4 billion people, while the USA has 350 million. The USA must rely on attracting talents from all over the world to compete with China. It has done so very successfully. Can this continue? The USA has the best universities and they admit students from all over the world. Some of the students choose to stay in the USA after graduation. But now in the USA anti-immigrants run rampant. Also in the USA the best talents go to the wall street. There they create all kinds of financial products very few people understand. Most of the time these products only benefit the few rich. China is a total different story.
First off their is no "China goal is "shared future, no body left behind"" The controlling CCP takes and does whatever they want and people in the way are eliminated. It has been seen over and over that the CCP's goal is absolute domination by disinformation. The average Chinese person wants a better life for themselves and since they are powerless are forced to go along. Do you see any dissent, any push for free thought or opinion that is not crushed by force in area's controlled by the CCP? There is nothing benevolent about the CCP.
@@DavidA-411 what u said is actually inversion narrative pushed by corrupted government. If ccp is such bad, they would be another falling regime, but what i see they keep inovating, helping other countries in need, transfer technology with my country especially. I do not see at all what u accuse. In fact what u said much more suitable for US, dun u think so?
@@bl4ckb3ll If China wasn't hiding the truth then they would not ban truthful information from sources outside of China. The proof is that China lies to it's own people and prevents them from finding out the truth at all costs. Would a good government enslave a whole race of people to harvest their organs?
@@DavidA-411 @David A @David A Who said there is a ban of truth coming from CHINA. What CHINA's argument is many facts and information are distorted and modify to suit to western propaganda and lies. One primary example of this is the Vocational centers in Xinjiang a.k.a. what the US government propagandizing thru their western media outlet as concentration camps. Many Muslim countries and even IOC (Islamic Organization Committee) visited already Xinjiang way before the US started to propagandize this issue. In fact, CHINA invited EU and even US to visit these facilities yet they have no response or unwilling to do so because that will exposed their lies. It is no wonder only 22 countries mostly from NATO allies in Europe only support US against this so called fake concentration camps while CHINA was defended and supported mostly by MUSLIM major countries itself in United Nations, especially from middle east and other asian muslim countries. It really laughable to see from perspective of muslim countries and other non western countries to see America and its puppets to continue the lies and its act of caring about muslims yet America itself continues bombing and invading muslim countries. So laughable.
@@samalenyo You lie and you know it. There is no propaganda against China! No one has any interest in hurting the Chinese people. We love the Chinese people! THERE IS NO OUTSIDE MEDIA ALLOWED TO VISIT THESE HIGH SECURITY FACILITIES! Why? Because then we would see how the CCP lies to everyone. That is the fact. What Muslim counties support your "narrative" that these facilities are not concentration camps? Many thousands of Muslims who have fled the region have told stories about what has happened to the families they left behind. You should listen to their stories.
Good video & well presented. China has a large population for thousands of years and had been "innovating" ever since. Yes, you are absolutely right, it is the people. Other than the modern technological innovations, also look at the ordinary everyday things like, the massive variety of types of foods, agriculture, style of cooking, types of teas, pottery, musical instruments, toys, cultural dresses, dances, celebrations, fireworks, even the variety style of kungfu & martial arts weapons etc and how the people uplift their lives. Really incredible. Cheers.
I went to China, Shenzhen to be specific, in 2017 and I went there again in 2018. The old buildings and stores that was there disappeared and now its a completely new, modernized buildings and stores with well paved road. In just ONE year.
Innovation starts on the factory floor not in the corporate boardrooms. China has learned this lesson well, and president Xi always pushes this theory.
In China we say, chinese innovation is "demand driven" whereas American innovation is often "tech driven" eg. Alibaba's e-commerce market share actually went down from 80% to 50%, Little Red Book, PDD, douyin, perfect diary, all managed to grab share from dominant players because consumers were eager to adopt new things. I was born in a fishing village, then it turned into a factory town, now it's a suburban luxury villa district for rich city folks when all my village friends moved to the city.....
CCP went after Alibaba because it was growing too big and the founder criticized them... And if you are Chinese, aren't you committing a crime by being on YT?
Tech is causing the West to professionally specialise and socially segregate, in China it's enabling people to integrate and collaborate. China has a huge "Summing" advantage as they utilise their massive amount of generated data and their cultural enthusiasm to work cooperatively to achieve longterm goals that provide mutual benefit. In the West, technology is used to increase short term profits for Individuals.
1 billion Chinese don't have access to jobs or education in the cities because their national ID was marked at birth, but it's the West that's segregated. You're right
@@Chironex_Fleckeri One billion Chinese don't have jobs in the cities? Are you even listening to yourself? How does this even square with the fact that the average salary in China has increased by 1000% in the last 20 years, or the GDP-per-capita increase of ~3000% in the last 30 years? How would that even be possible if the bulk of China's citizens could not be employed in the cities? Do take the time to consider that 63.89% of China's population live in urban areas (i.e. the cities) before you ponder the answer to those questions.
I dont know if this is just me who is asking or others are asking the same question that is why there is so little likes or viewership when someone is talking positive or the really truth about China? And there are so many likes and viewership if someone is talking trash about China or making fake and distorted information about China? It makes me to think that the more anti-China comments out there, the more show that China is moving in the right direction.
Only Chinese bots and nationalists want to hear this fake propaganda. And it's illegal for the Chinese to be on YT, so there's not too many of them here.
I was born in 1992 when I at age six my home just have a white/black version tv and without any refrigerator or washing machine。 now a day even 70s years old people can use their phone for payment and watch TikTok.
China is a communal society. The USA is an individualistic society. They both innovate to enhance their respective cultural attitude. Guess who shall be happier in the end.
I wouldn’t say they are communal Much more family oriented yes I think Japan, as well as Korea are much more communal The Chinese world has is significantly more individualism and room for individual ambition. However, this may not be as outwardly expressed, as it is in America Modesty and humility is a virtue in most parts of the world, where in America, being outspoken is actually allowed, or even celebrated So some definite cultural differences, however, I think the communal versus individual is too simplistic
If you are determined to re-invent the wheel, then aren't doing yourself or your people any favors. If you're behind and you aren't copying, then you're not very smart.
@Alan Friesen: you are absolutely right. China is not just 'copy' but adopt, improve and invent. Most other countries cannot even copy. All developed countries copy others at some points in their early development stage. US and Japan copy Germany all the time. It is laughable that the US accuses China for copying. Just a matter of time, China will surpass the US in many key scientific and technology areas. In fact, China is in leading position in some key areas such as: e-commerce, drone, smart phone, telecommunication, battery, renewable energy, laser, high-speed rail, quantumn computing, super computer are just handful areas. There is nothing wrong with China for improve and advance. The only thing that is wrong is the US who cannot accept that others such as China is catching up and about to lead in science and technology. That is sick mentality and should be condemned by the world. The US is a sick country that is doing everything to maintain its superiority and world domination at the expenses, misery and suffering of other countries including China. How can the world allow such brutal dictator and control freak act to do harm to other countries? What is wrong with this world?
guys you are all correct. China used to close itself up and suffered a great deal for this decision 100~150 years ago, which is exactly the reason why Chinese now embraces new things eagerly.
I think the idea for adapting stems more from the fact that people in China have already lost all sense of privacy, while people in Western countries people are more skeptic of putting their data on every app / technology company. Even if it gives a sense of false privacy, many people are still not trusting of companies with their data or in the case of digital wallets not keen on having their money feel like is being monitored by some technology company (which I know in the end we barely have privacy anyway).
Yes, As If Sweeping Your Credit Card is More Private than E-Wallet, or they're not Tracking Me if i do a Search Online or Google Map to a Restaurant. 😅
@@jjjkkshen2836 Chinese embrace everything not only mobile apps. You will see Chinese want to try everything new. Western countries has lost appetite for new things.
Modern infrastructure and digital life style, this is what you have if you live in China major cities. A smartphone is the only thing you carry and it does everything for you.
So the exact same as Africa. So great for China! The smartphone even does everything for the state. Why put you in prison for dissent or accusing CCP official of sexual abuse when they can just disable your ability to use payments and public transportation via smartphone spy devices?
China set a good example as to how to deal with an unknown pandemic effectively . Western media should make documentaries to show how China had combat the pandemic so fast . All other countries will need to study carefully , copy the copy-cat and prepare for the next pandemic .
Lol. Nice joke, really. Great sense of humor. The mishandling of the pandemic by China, the complete inaction, most likely intentional, by the CCP is why Coronavirus spread to the entire planet. The PR stunts of a "hard stance" against the virus afterwards is just to brainwash fools stupid enough to buy the cheap propaganda AND pay for popcorn.
If I adopted to each of the phones from iPhone 5 to IPhone12, I would have been less $7000. It is expensive to adopt here in the US. lol I am happy with my iPhone5 thanks very much. In fact I will de-adopt Apple and move on to Chinese products because they are cheaper, reliable and they make sense.
China is living the American dream... If you see all the Chinese billionaires they came from very poor backgrounds and made it way to the world richest people for example the founder of Nio and Tencent. Same is the case of majority of rich urban folks in China, if you talk to them they'll tell you that in 80s it was difficult for their parents to put food on the table twice a day and now they've lavish properties overseas like Australia and the US.
1 billion Chinese still don't have access to broadband, clean water, or higher education. They're rural people, not allowed to hold jobs in the cities.
@@Chironex_Fleckeri Lol according to pro American sources China has 850 million internet users. Not only this China is the biggest online shopping market and almost all of the citizens use mobile wallet to pay their money. Cash is considered thing of the past and nobody accept cash in China. Now plz don't reply me because I don't want to talk with ignorant people like you.
The good old Harvard Business Review. From "Why China Can’t Innovate" by Regina M. Abrami, William C. Kirby and F. Warren McFarlan to "China’s New Innovation Advantage"
I was predicting this back in the 90s. Much of the confusion with China is that the Western world have been fed so much negative propaganda about China for centuries. It's come to the point that Westerners innately believe that the geographical territory of mainland china should function differently to the likes of Hong Kong, Taiwan, Singapore, South Korea, (North Korea too is pretty developed for a hermit kingdom), Japan. The most likely outcome is that China continues to develop, just as Japan and Korea have before them. The whole nonsense about "China can't innovate" because of cultural, socio-economic, or political reasons. Was always just that. Every rising nation enters a copy-cat phase as they climb up, gradually as their individual sectors lead, they become innovators. This was the case with the Japanese, the Koreans, the Americans, and many other European nations in the past. Now China has entered that phase of leading in more and more sectors. The West have always feared these times. For centuries the West have been the dominant powers, built on the back of having the most advanced technology, as have past powers in history. It has always been a game of technology, the science and knowledge is the backbone of an advanced nation. So we enter a cross-roads, either we try to aggressively stop China's rise to tech leadership and risk going back to the stone-age, or at least significantly set back a few decades, or we try to work with China and embrace all of rapid advancements this era will usher for humankind. At the rate we're going. Give it another decade or two, and between China and the West alone we'll have achieved: Nuclear Fusion/sufficient energy for the poorest, enough food for the poorest, rapid pre-fab production of cheap houses for the poorest. ultra-realistic Virtual Reality, medical advances, neuralink systems for those paralyzed. So lots of great advances, it seems that the main problem us humans are really struggling with is food scarcity, and energy scarcity. Both of which are increasingly appearing to be man-made decisions. Our leaders know better, but are choosing to do worse.
What i think needs to be highlighted is the focus on education. No identity politics, no waste of time on bickering, no radical socialist dreamers hijacking the curriculum. Just practical learning. This laid the groundwork, the fertile soil upon which innovation can sprout again and again. Meanwhile in NYC, we are dumbing down the curriculum and focusing on race as the primary determinant of virtue (or lack of). You tell me which country does better the next 50 years, barring an all out nuclear war.
Mostly all the dysfunctional nazis in China already got put in death camps. It's a positive thing that the West HAS virtue, because China has none, and it's not helping them have any friends.
Biden should have a conversation with this young man and learn to understand what a real win-win strategy is. When there is peace between two trading partners there will be prosperity.
Not true. US people are maniacs of "adapting and adopting"", every cereal box has a label screaming "NEW!". (Addition month a later) The people are the same, but the system has simply changed. There is credit only for investment in fast-return activities like loans, software programs, government contracts or the real estate bubble. Not for boring things like infrastructure.
You haven't taken into account the currency depreciation. Per capita GDP does not equal living standards. The US living standards decreased slightly, and the Chinese living standards increased pbbly less the 10x.
Very interesting viewpoint but a higher GDP doesn't equate to a better standard of living, hence the glaring flaw in your argument. In addition, every country copies tech from each other, but I would say that Japan and South Korea are the early adopters, then 5-10 years later the US and China copies what they've already built and makes it into a unicorn
@@freespeech8520 I would say that the economic complexity index ECI is a better indicator of overall wealth in a nation and these nations aren’t the ones with the highest GDP. GDP is not a reliable indicator of wealth nor is median income
... and still, China lags far far behind when it comes to infrastructure (see World Economic Forum data). I am 50 years old, living in China since 20 years and yes, I do agree with the Zak - in particular when I compare it with behaviors and 'way of doing things' of many of my former high school class mates in Europe. The main innovation sector in China is IT and its platforms. And yes, innovation adoption driver no. 1 is a population used to change and a young population, which is China not anymore. And here comes to play what I see in Africa: Mobile money is widespread in use there since many, many years .... young educated population used to change as well ... while Europe (that is what I can speak for) is more well-settled, conservative-minded, slightly 'oldish' ....
The key to China innovation is the ability of the Government to extend 4G and 5G to remote location in China. It have greatly help farmers to sell their products directly to consumers.
Good but some unfair assumptions. Wechat was China's adaption of the Japanese app LINE and became popular when the CCP banned LINE because of it's popularity and their inability to control it. The CCP's control of the Chinese people can not be so overlooked as you have done. This control is a double edged sword and we have yet to see how the other side will cut. Did it, the CCP's absolute control of the economy facilitate the great expansion? Absolutely. In fact I would argue that the CCP learned this from how the "The West" winning WW2 and the boom that came after effected the economic boom of the 50's and beyond. The philosophy war of citizen control by democracy, fake democracy (Russia, Turkey etc. dictatorships) & fake communism (China, N. Korea etc. dictatorships) is going to be the biggest challenge to our prosperity and survival going forward. I'm not sure how long we can avert WW III with these dictator's lust to eliminate democracy and have absolute power over everyone. Slavery by disinformation.
Yup. Harvard takes money from the Chinese government. This video is made to please them. This presenter looks creepy and speaks in platitudes and buzzwords.
Wechat is not an adaptation of line as wechat came out before line. Wechat January 2011 Line June 2011 And they don't even look the same. Wechat is also much better than line.
@@lollymanna Clearly you are not Chinese. It does not mater the listed date you may have Google-ed. From experience I can tell you EVERY Chinese person was using Line. Oh they had WeChat too but it was Line that they used most.
I’m still concerned. This was an analysis of a moment in time. But i see the debt issue in China, demographic decline, the rejection of the world’s largest consumer, and the fact that their government is reliant on controlling the masses if they can’t continue to improve their lives. I don’t see how a population whiling to adopt a technology in a country with social credit scores can easily justify the concept of more innovative. Thoughts?
I do agree with all that. But, what about authoritarianism? I mean... all the intellectual property in china is in shared partnership with the CCP. I as a innovator I would not want that. And why did WeChat grow so much? It copied WhatsApp's idea for messaging, added payment methods to it, and as it was the only chatting application, it grew. Much like how WhatsApp grew in India. But in democracies like India, people found out that facebook sells their info and so they are unwilling to bank with whatsapp or use it as a wallet app. In China, everyone knows that the CCP is monitoring everyone and has no way to avoid it. And life in China's is anything but stable. Its not a democracy. All this development is at a cost. Yes, outsiders can innovate in China, but if a Chinese innovator/buisness tycoon says something about the CCP, he disappears. So will a Chinese young person want to be in any key position? If I lived in China, I would try to get to some other country and sever my past ties, at least if I wanted a secure and stable life(which most regular people want).
I spent in Shenzhen 8 years and I know what you mean by speed. However, the speed of the adoption is faster but the frequency of breakthrough innovation is not. The reason is that China lacks in diversity of the adopters, and precisely western diversity can spin more ideas. In other words, China using the West as an incubator of ideas then adopts fast what works without recourse. As a strategist, I would be careful at looking at Chinese consumers and try to copy things back. Very few will work in the Western world. Try to persuade British guy to eat with chopsticks. It could be pretty much the same dilemma. Some things might work but to test you still need early adopters anyway.
Not so. The real reason China couldn't innovate was because there was no need. Being a primarily agricultural society coming into the modern age, every modern products and technology that made urban life possible were already available. The only thing left for China to do is to learn and adapt. Now that China has catch up and stood on the same starting line, it's gonna be a totally different story!
@@oceanbreeze2663 No need as West already did it . SO you confirmed my point. Adaptation requires less risk as is based on a proven concept. You know that something works and then you adapt to your need. Bill Gates didn't invent operating system either. Microsoft saw the value of how companies like Xerox and Apple were developing graphic interfaces, but also knew how to use licensing to get their version implemented at scale. However, pure innovation is inventing something totally new. I would like to see one example from China what it is that previously in any shape or form did not exist in the West. What the author of the video here talks about that advantage lies in the speed of adoption as society is homegenus. Its sheep mentality and lack of individualism, therefore, products could be much more uniform as it would fit for everyone and everyone would accept it. It is as well the purpose of the government to keep it that way as is efficient. I still doubt it will benefit into some breakthrough innovations any time soon.
@@jacobs8102 lol! That's the mistake the west always does with the east. The west being independent individuals mistake the east's interdependence as being sheep mentality. Keep on doing that and you'll be buried before you know it.
@@jacobs8102 I partially agree. China used to be an adoptor in some industries due to the ROI consideration. When you are far behind others, the most efficient way is to just quickly copy and localize. However, in some industries which are hard to be copied for various reasons, China has started to invent and took a leading role in the world, such as, Ultra high voltage power transmission, 5G, quantum computing, nuclear fusion, Aerospace, electromagnetic, .....etc.
@@yuxiangluo8614 innovation has to be commercialised otherwise is just useless and the state is standing in its way. Or you can use it in the Defence industry. A place like Shenzhen should be already flowing with innovative products, unfortunately, there is only a handful. The stock market is weak. This might change I hope for better soon. There is room for improvement. I really like Shenzhen it is a great city.
This video is very badly informed. You don't mention the banking fee or transaction fee that the larger chinese banks force you to pay from different provinces. WeChat skirts around all of the fee's which is why the uptake is so much greater then Apple pay. Also, the west tends to have free basic banking so the business environment is different. Uptake of technology will only happen if it will save you time and money.
You may want to provide some examples of the innovation instead of economic numbers. It is hard to name ten. What was mentioned was how fast China has grown. How fast the Chinese people adopt new technology. Nothing was mentioned about the innovation that was created. If we look at usa and innovation. It is easy to name many. We see how tesla is reinventing the battery technology, and we see them using pure vision to create self driving cars, and we see how tesla is remaking our solar energy is stored. We look at Apple, we see them creating the best microchip in the world with the M1 chip, and we see how easy it is to use the apple watch or Apple pencil. And that is only to name a few. IMO, it is not about the number game with people. Rather, The biggest advantage of usa is the culture. The culture where failure is embraced because they know success is one step away from failure. In order to show how innovative China is, the main highlight should be the showcase of China's innovation rather than economic numbers.
@@AndrewManook that is surprising. Regardless, the main objective of this video is to show the innovation advantage. This video could have done a lot more if they had shown the innovation products that is coming out of China. I am only able to name those from USA. Are you able to name any from China?
I totally agree. Adoption and radical innovation is totally different. Cost is different too. I would say Chinese design is not human-centric it is government-centric.
@@jacobs8102 yes yes.. I agree with that. I hope they are able to see pass the hype, and stories. And government are usually not very good at being running businesses.
The thing lies in genetics. The average Chinese brain, due to years of warfare over 4000 years, has 20% more volume, and a larger parietal lobe, with more frontal lobe area. I'm white American, if that matters.
China changes so fast. Every other year when I visit, there is a new bus line or railway or subway line, new fashion trend, new popular words, new popular dishes, new trend in pop culture... it is hard to participate in conversations with my Chinese friends because they always have new hot topic to debate about, except children’s education, that will never change.
classic. lol
Living since 20 years here in China and saw it first in 1995. "China changes so fast": Reasons might be (a) Lacking infrastructure (WEF 2019, China placed 46, U.S. placed 11 - with its crumbling infrastructure. Meaning: China still has a lot to build. (b) Network effects .... thoughts, ideas, trends etc. spread quickly - if left uncensored ....
@@wernerheil6697 Yes. The control of information in China paints a much rosier picture than reality supports. This is one reason for all the "Chinese Century" "China Superpower" books and lectures. It's become dogmatic, yet it doesn't seem like the world wants to follow China - at all.
@@Chironex_Fleckeri *_sour grape alert_*_ !_
@@Chironex_Fleckeri what ur saying is actually very true. China is losing it's allies rapidly and that happened during the Donald Trump regime. Now with Joe bden as president China is doomed (in terms of friends and allies). The only friend china has right now is pakistan (which frankly speaking is the worst economic situation). Others like Vietnam, Bangladesh, Japan, S Korea etc are against china.
I think the Chinese regime and Xi Jinping are stupid to throw away their allies.
If you go to the Shanghai car exhibition, you will be amazed by the innovation. The interior design of the home grown new cars made the European cars look arcade. Plus they are affordable.
China is amazing and seemingly leading the way into the 21st century.
@John Buffalo I am 98 Thank ridiculous. China was a great civilization when those in the British Isles were running about naked and chasing wild pigs for uncooked good.
@John Buffalo I am 98 man, I hate when I have to remember history: 1820, 1840, 1860. BRITISH DESTROYED CHINA CIVILIZATION. I always mad when I remembered those years.
@John Buffalo I am 98 no more England after 1066
@John Buffalo I am 98 China was already a great civilization long before the British existed. Your kind of people in that part of the world was still wearing leafs then.
@Christopher Meisner and your point is?
I had this hypothesis for long time. In the B2B context, it is also crazy to see how willing for Chinese companies to adopt new technology. In China market, “new” equals to “superior”. Great video!
When I was in a rural town, every food stall, shop used QR codes for payment. Far more elderly were using smartphones than I’ve seen in American cities. The difference in hi-tech adoption is huge. Now only if they’d pay attention to low-tech.
My dude what do you consider low-tech
Lo tech is dead
I was born in Shanghai in 1974, left Shanghai 1979, arrived in US 1983, went to Hong Kong 1984, back to US in 1991, back to China in 2002. Man, the past 15 years, China went from "still China " to "unbelievable... not way this is China" ..... I was already in San Jose, CA from 1994-2000, and I still cannot believe, what China have turned into. I must say, China is now amazing
Great points. We focus so much on the innovators that we overlook the importance of the consumer’s willingness to use the new technology. The latter is where China excels.
I think the reason is partly because the old system (like going to a bank) was quite bad in terms of cost, ease of use.....so when presented with a much improved system people quickly adapt to it. In the USA there was already a good system (like physical credit cards) so when there was a slightly better system come out (Apple Pay) people will not as rapidly adapt to it.
@@johnl.7754 Maybe, but I think you also pointed out another reason, which the Apple Pay is just a 'slightly' better system than credit cards. But in my opinion the Chinese mobile payment system is a different story.
1. You need an Iphone, not other brands.
2. Apple Pay uses NFC, Chinese mobile payment system use QR code.
3. Apple Pay is used for shopping (B2C), but Chinese mobile payment can be used for B2B, B2C, and C2C.
I never used Apply Pay maybe i am wrong but that's what i feel about it, it's just a slightly better payment 'option', but not the real 'cashless', because you still need to carry cash and credit card with you in case that not everyone/shops have it. But in China you can get rid of your wallet in daily life, that makes different, so people are much willing to adapt to it~
@@民主youtube一直无理由 yes, Cash App and Venmo are more comparable applications. Beyond the P2P payments, they are diversifying into investments i.e. stocks, crypto, options, etc. I agree that many of these still pair with a credit card for ease of payment. I am curious, how developed is the investment brokerages/applications in China? Is financial literacy high? I hear about the stabilization of the stock market, but all my info is from news coverage.
@@johnl.7754 Hi. I think you have made a good point, but your point is not entirely accurate.
It's not that credit cards and debit cards were not there in China. For example, most people don't know this, but the Chinese UnionPay is THE LARGEST card payment organization (debit and credit cards combined) in the world, ahead of Visa and Mastercard. And if I remember correctly, UnionPay was already the largest debit card system in the world at the time of the introduction of WechatPay (or was it AliPay?). (It was also the 2nd or 3rd largest credit card system in the world)
So it isn't that they didn't have the card payment option. It is more the case that their card payment organizations were too careful when they evaluated applicants (as they SHOULD), resulting in not everyone getting the card. In the West, I heard stories of someone (I think in Australia) trying to prove banks were effectively forcing cards onto their customers by applying for a card using his dog's name (of course with all fake details), and actually getting the card.
It is this difference that helped the widespread adoption of mobile payment in China since ANYONE can get this payment option.
But this is of course only one of the reasons. As Zak mentioned in his talk, people in China are EXTREMELY open to new technology and new innovations. That is probably a more important reason than this other reason we are talking about.
@@ChinaSongsCollection your probably more knowledgeable then I am...I lived in China for over 10 years just remembered the hassle and expense (minimum 50 rmb I think) my wife had to spend to transfer money to someone and that it had to be done at a bank branch which often took over an hour. Mobile payment also probably took off since probably everyone had a mobile phone so no additional machine had to be purchased to do the transactions.
Well articulated. I run a couple of businesses in China, and often say something similar when presenting. Westerners are often quite skeptical, especially those from places like Silicone Valley, believing that they are way ahead of everyone. But in China even beggars use mobile payment. :-)
Homeless people too 😊
?? There’s no beggars in China when literally the gov helps w poverty. Shouldn’t U k that because China has been waging a war against poverty for years, ppl in poverty r the ones to declare themselves if they are out of poverty or not. There r still places in China that are still in poverty such as those mountainous places. Last place to get out of poverty in China was Yunnan. Poor areas but def not beggars
guys there are funny pictures on internet that baggers asking people to give money via QR code. it is supposed to be funny but you get the vibe.
@Nij Jin Are you sure? Absolutely sure? I don't doubt China's historical elimination of absolute poverty but let's be honest, there are bound to be people, especially in urban areas, that fell through the cracks (or wasn't registered as a poverty-alleviation target) for whatever reasons - and not all of them have a village house or piece of land to go home to! You may not see any beggar in your city but it doesn't mean _every single person_ in China is able to afford life in their part of the country without financial help. China is far too big and populous for anyone to know for certain. But I agree that beggars will become virtually extinct soon - presumably city officials will provide assistance to get them off the streets since, as you said, they shouldn't exist no more!
Yes, beggars used to be that way but now become fewer and fewer to encounter one. Then robberys prefer AliPay or WeChat if you happen to meet one.
I had read an HBR article published in 2013 which read " Can China innovate " and now this!
Ayush I actually talk about the HBR article "Why China Can't Innovate" in the accompanying article. A lot has changed since then.
You beat me to it, Zak! I was going to suggest Ayush take a look at the third paragraph: hbr.org/2021/05/chinas-new-innovation-advantage
真的这么夸张吗？
They have this kind of mindset and questions because they never carefully study about Chinese history on tech and innovation. Oh! And the bias about communism.
Excellent observation. For innovation to prosper you need a 'need' for it. The willingness by the customers to experience new things including trial and error etc.
Fair observations. The massive market and investment capital create an unprecedented scale for innovation development in China.
So nice to hear intelligent speaker like him to talk.
Yes, Chinese people adopt new technology very easily. We in the USA just want to keep our old lifestyle with privacy
Yeah, being longtime users of old tech, americans are almost hardwired to resist new innovations. The chinese emerged economically able enough to afford tech, did so during the fast pace of digital and internet technology. That is why they are very receptive to new innovations/technology. They weren't tied doen to legacy or old tech.
The USA is stuck in the 20th century its backward
next one booming in china will be EV, just like mobile phone market. More and more chinese choose EV& PHEV car. NIO & BYD will start to sell cars in EU market this year. th-cam.com/video/T4ScVAgFpKM/w-d-xo.html
@@pass3d Indeed. Driving in Beijing is rather interesting. Lots of Japanese and European cars, but now their is a fair number of Chinese cars on the road as well. EVs are still in the minority by far, but their numbers are visibly increasing - something easy to observe when EVs have a different license plate.
You are missing the biggest reason. The century of humiliation and opium wars and unequal treaties, which drilled into all chinese minds to never fall behind in tech again, otherwise the imperialists like west and japan will come with gunboats again, just like usa and west sailing carriers and destoyers and threatening china, STILL. west still upset that china runs china the way Chinese want and not the way west wants. Before they could use gunboats but now they can only resort to "trade war" which does fuck all and only makes china more united and resistant, again due to this history.
This progressive mindset is drilled into all chinese during school and history classes, if we ever become complacent and ignore the rest of the world and fall behind in tech, or others steal our tech like guns and gunpowder, rockets and compass etc, they will come to china and use those to contain and oppress China, just like in the past and current day.
So tech and progress isn't just about curiosity and adoption for material benefits, but it's an existential issue which all chinese know and support for the good of the country and it's future.
China has more that 1.4 billion people, while the USA has 350 million. The USA must rely on attracting talents from all over the world to compete with China. It has done so very successfully. Can this continue? The USA has the best universities and they admit students from all over the world. Some of the students choose to stay in the USA after graduation. But now in the USA anti-immigrants run rampant. Also in the USA the best talents go to the wall street. There they create all kinds of financial products very few people understand. Most of the time these products only benefit the few rich. China is a total different story.
China goal is "shared future, no body left behind"
First off their is no "China goal is "shared future, no body left behind"" The controlling CCP takes and does whatever they want and people in the way are eliminated.
It has been seen over and over that the CCP's goal is absolute domination by disinformation. The average Chinese person wants a better life for themselves and since they are powerless are forced to go along. Do you see any dissent, any push for free thought or opinion that is not crushed by force in area's controlled by the CCP? There is nothing benevolent about the CCP.
@@DavidA-411 what u said is actually inversion narrative pushed by corrupted government. If ccp is such bad, they would be another falling regime, but what i see they keep inovating, helping other countries in need, transfer technology with my country especially. I do not see at all what u accuse. In fact what u said much more suitable for US, dun u think so?
@@bl4ckb3ll If China wasn't hiding the truth then they would not ban truthful information from sources outside of China.
The proof is that China lies to it's own people and prevents them from finding out the truth at all costs.
Would a good government enslave a whole race of people to harvest their organs?
@@DavidA-411 @David A @David A Who said there is a ban of truth coming from CHINA. What CHINA's argument is many facts and information are distorted and modify to suit to western propaganda and lies. One primary example of this is the Vocational centers in Xinjiang a.k.a. what the US government propagandizing thru their western media outlet as concentration camps.
Many Muslim countries and even IOC (Islamic Organization Committee) visited already Xinjiang way before the US started to propagandize this issue. In fact, CHINA invited EU and even US to visit these facilities yet they have no response or unwilling to do so because that will exposed their lies. It is no wonder only 22 countries mostly from NATO allies in Europe only support US against this so called fake concentration camps while CHINA was defended and supported mostly by MUSLIM major countries itself in United Nations, especially from middle east and other asian muslim countries. It really laughable to see from perspective of muslim countries and other non western countries to see America and its puppets to continue the lies and its act of caring about muslims yet America itself continues bombing and invading muslim countries. So laughable.
@@samalenyo You lie and you know it. There is no propaganda against China! No one has any interest in hurting the Chinese people. We love the Chinese people!
THERE IS NO OUTSIDE MEDIA ALLOWED TO VISIT THESE HIGH SECURITY FACILITIES! Why? Because then we would see how the CCP lies to everyone.
That is the fact. What Muslim counties support your "narrative" that these facilities are not concentration camps?
Many thousands of Muslims who have fled the region have told stories about what has happened to the families they left behind. You should listen to their stories.
Very comprehensive overview of China Speed
Good video & well presented. China has a large population for thousands of years and had been "innovating" ever since. Yes, you are absolutely right, it is the people. Other than the modern technological innovations, also look at the ordinary everyday things like, the massive variety of types of foods, agriculture, style of cooking, types of teas, pottery, musical instruments, toys, cultural dresses, dances, celebrations, fireworks, even the variety style of kungfu & martial arts weapons etc and how the people uplift their lives. Really incredible. Cheers.
I went to China, Shenzhen to be specific, in 2017 and I went there again in 2018. The old buildings and stores that was there disappeared and now its a completely new, modernized buildings and stores with well paved road. In just ONE year.
That's a cool feat. How will they maintain all this ?
Innovation starts on the factory floor not in the corporate boardrooms. China has learned this lesson well, and president Xi always pushes this theory.
Amaizing China!
In China we say, chinese innovation is "demand driven" whereas American innovation is often "tech driven" eg. Alibaba's e-commerce market share actually went down from 80% to 50%, Little Red Book, PDD, douyin, perfect diary, all managed to grab share from dominant players because consumers were eager to adopt new things.
I was born in a fishing village, then it turned into a factory town, now it's a suburban luxury villa district for rich city folks when all my village friends moved to the city.....
CCP went after Alibaba because it was growing too big and the founder criticized them... And if you are Chinese, aren't you committing a crime by being on YT?
@@Ilamarea damn... sick burn, you so witty
" A young american 'punk' giving US politicians a lesson on what China is like IN THE FUTURE "
great hilarious comment...
From different angle to see China. 👍
what a smart young man. We need more of you to open the eyes of our people to global change and why we need to adapt instead of hate china' success.
Mind boggling speed and scale.
Tech is causing the West to professionally specialise and socially segregate, in China it's enabling people to integrate and collaborate. China has a huge "Summing" advantage as they utilise their massive amount of generated data and their cultural enthusiasm to work cooperatively to achieve longterm goals that provide mutual benefit. In the West, technology is used to increase short term profits for Individuals.
Exactly, China could very well have achieved Communism by 2100!
1 billion Chinese don't have access to jobs or education in the cities because their national ID was marked at birth, but it's the West that's segregated. You're right
@@Chironex_Fleckeri HAHAHA and the eat babies and prey to Pagan gods.... you racist
@@Chironex_Fleckeri One billion Chinese don't have jobs in the cities? Are you even listening to yourself? How does this even square with the fact that the average salary in China has increased by 1000% in the last 20 years, or the GDP-per-capita increase of ~3000% in the last 30 years? How would that even be possible if the bulk of China's citizens could not be employed in the cities?
Do take the time to consider that 63.89% of China's population live in urban areas (i.e. the cities) before you ponder the answer to those questions.
@@Chironex_Fleckeri *_red herring alert_*_ !_
Thank You Very Much! This Is Very Informative!
very true... the interest to know new things... without discrimination...
If ONE IN A MILLION describe something special, imagine the innovators in China. 😁
I dont know if this is just me who is asking or others are asking the same question that is why there is so little likes or viewership when someone is talking positive or the really truth about China? And there are so many likes and viewership if someone is talking trash about China or making fake and distorted information about China? It makes me to think that the more anti-China comments out there, the more show that China is moving in the right direction.
fear. jealousy, and pure hatred
Only Chinese bots and nationalists want to hear this fake propaganda. And it's illegal for the Chinese to be on YT, so there's not too many of them here.
very rightly said: "hyper-adaptive population"...
Good observation. Thank you!
"Too often we fixate on skylines instead of people" - insightful!!
Thank you for spitting the truth about China based on your own real life experience and facts.
the competition is furious. so everyone tries to be new, newer, more efficient to stand out or survive.
Great perspectives, thank you.
Cool stuff, without bias, just about the truth, amazing video.
I was born in 1992 when I at age six my home just have a white/black version tv and without any refrigerator or washing machine。 now a day even 70s years old people can use their phone for payment and watch TikTok.
A very clever young man. A big clap for him
Well said ! Eureka
Fascinating. Reminds me of that Star Trek Voyager episode of a world which moved at a far faster rate of time than the rest of the universe.
China is a communal society. The USA is an individualistic society. They both innovate to enhance their respective cultural attitude. Guess who shall be happier in the end.
I wouldn’t say they are communal
Much more family oriented yes
I think Japan, as well as Korea are much more communal
The Chinese world has is significantly more individualism and room for individual ambition.
However, this may not be as outwardly expressed, as it is in America
Modesty and humility is a virtue in most parts of the world, where in America, being outspoken is actually allowed, or even celebrated
So some definite cultural differences, however, I think the communal versus individual is too simplistic
Yes, more chinese innovation !
If you are determined to re-invent the wheel, then aren't doing yourself or your people any favors. If you're behind and you aren't copying, then you're not very smart.
@Alan Friesen: you are absolutely right. China is not just 'copy' but adopt, improve and invent. Most other countries cannot even copy. All developed countries copy others at some points in their early development stage. US and Japan copy Germany all the time. It is laughable that the US accuses China for copying. Just a matter of time, China will surpass the US in many key scientific and technology areas. In fact, China is in leading position in some key areas such as: e-commerce, drone, smart phone, telecommunication, battery, renewable energy, laser, high-speed rail, quantumn computing, super computer are just handful areas. There is nothing wrong with China for improve and advance. The only thing that is wrong is the US who cannot accept that others such as China is catching up and about to lead in science and technology. That is sick mentality and should be condemned by the world. The US is a sick country that is doing everything to maintain its superiority and world domination at the expenses, misery and suffering of other countries including China. How can the world allow such brutal dictator and control freak act to do harm to other countries? What is wrong with this world?
Very good perspective
The Chinese are an intelligent race, steeped in technical affinities, hardworking & with a view to make sense of it all.
Thanks for the great insight into this hot topic, very informative!
It is because the system and infrastructure are already there which makes adaptation to change rather quick and easy.
Well said 👍Chinese civilization is based on innovation and cultural exchange, intergration.
@Dennis Estrada they stayed closed off to wars while Europe was fighting many. I wouldn't say China was behind technology-wise.
Based on war and destruction
Opium wars (GB/US) + Japan attacks.
guys you are all correct. China used to close itself up and suffered a great deal for this decision 100~150 years ago, which is exactly the reason why Chinese now embraces new things eagerly.
@@ellengran6814 also Russian
Great
Amazing!
I think the idea for adapting stems more from the fact that people in China have already lost all sense of privacy, while people in Western countries people are more skeptic of putting their data on every app / technology company. Even if it gives a sense of false privacy, many people are still not trusting of companies with their data or in the case of digital wallets not keen on having their money feel like is being monitored by some technology company (which I know in the end we barely have privacy anyway).
Yes, As If Sweeping Your Credit Card is More Private than E-Wallet, or they're not Tracking Me if i do a Search Online or Google Map to a Restaurant. 😅
@@adicheah5049 again, that's why I said we have a false sense of privacy.
Not lost sense of privacy,we just trust each other more.we also trust our government, we even believe in world peace which is a joke to foreigners.
NO 👎 👎 👎 SHAME BUT COPYING IS ALSO GOOD TO LEARN FROM MORE FROM OTHERS TO IMPROVE ONESELF TO B BETTER!!!!
@@jjjkkshen2836 Chinese embrace everything not only mobile apps. You will see Chinese want to try everything new. Western countries has lost appetite for new things.
Modern infrastructure and digital life style, this is what you have if you live in China major cities. A smartphone is the only thing you carry and it does everything for you.
So the exact same as Africa. So great for China! The smartphone even does everything for the state. Why put you in prison for dissent or accusing CCP official of sexual abuse when they can just disable your ability to use payments and public transportation via smartphone spy devices?
China set a good example as to how to deal with an unknown pandemic effectively .
Western media should make documentaries to show how China had combat the pandemic so fast .
All other countries will need to study carefully , copy the copy-cat and prepare for the next pandemic .
Lol. Nice joke, really. Great sense of humor. The mishandling of the pandemic by China, the complete inaction, most likely intentional, by the CCP is why Coronavirus spread to the entire planet. The PR stunts of a "hard stance" against the virus afterwards is just to brainwash fools stupid enough to buy the cheap propaganda AND pay for popcorn.
Good
Interesting
I was buffed when I hear american saying phone can't scan QR code,
You need specialized scanner for that.
There's a difference between copying and a transfer of knowledge.
All those companies voluntarily signed transfer of tech agreements and now they are blaming China for copying them.
If I adopted to each of the phones from iPhone 5 to IPhone12, I would have been less $7000. It is expensive to adopt here in the US. lol I am happy with my iPhone5 thanks very much. In fact I will de-adopt Apple and move on to Chinese products because they are cheaper, reliable and they make sense.
Only your politicians are too proud to learn from China.
China is living the American dream... If you see all the Chinese billionaires they came from very poor backgrounds and made it way to the world richest people for example the founder of Nio and Tencent.
Same is the case of majority of rich urban folks in China, if you talk to them they'll tell you that in 80s it was difficult for their parents to put food on the table twice a day and now they've lavish properties overseas like Australia and the US.
1 billion Chinese still don't have access to broadband, clean water, or higher education. They're rural people, not allowed to hold jobs in the cities.
@@Chironex_Fleckeri Lol according to pro American sources China has 850 million internet users. Not only this China is the biggest online shopping market and almost all of the citizens use mobile wallet to pay their money. Cash is considered thing of the past and nobody accept cash in China.
Now plz don't reply me because I don't want to talk with ignorant people like you.
Now Chinese peoples get to call Western countries copycats
Cant believe Harvard Business school has compromised..
The good old Harvard Business Review. From "Why China Can’t Innovate" by Regina M. Abrami, William C. Kirby and F. Warren McFarlan to "China’s New Innovation Advantage"
I was predicting this back in the 90s. Much of the confusion with China is that the Western world have been fed so much negative propaganda about China for centuries. It's come to the point that Westerners innately believe that the geographical territory of mainland china should function differently to the likes of Hong Kong, Taiwan, Singapore, South Korea, (North Korea too is pretty developed for a hermit kingdom), Japan. The most likely outcome is that China continues to develop, just as Japan and Korea have before them.
The whole nonsense about "China can't innovate" because of cultural, socio-economic, or political reasons. Was always just that. Every rising nation enters a copy-cat phase as they climb up, gradually as their individual sectors lead, they become innovators. This was the case with the Japanese, the Koreans, the Americans, and many other European nations in the past. Now China has entered that phase of leading in more and more sectors.
The West have always feared these times. For centuries the West have been the dominant powers, built on the back of having the most advanced technology, as have past powers in history. It has always been a game of technology, the science and knowledge is the backbone of an advanced nation. So we enter a cross-roads, either we try to aggressively stop China's rise to tech leadership and risk going back to the stone-age, or at least significantly set back a few decades, or we try to work with China and embrace all of rapid advancements this era will usher for humankind.
At the rate we're going. Give it another decade or two, and between China and the West alone we'll have achieved: Nuclear Fusion/sufficient energy for the poorest, enough food for the poorest, rapid pre-fab production of cheap houses for the poorest. ultra-realistic Virtual Reality, medical advances, neuralink systems for those paralyzed. So lots of great advances, it seems that the main problem us humans are really struggling with is food scarcity, and energy scarcity. Both of which are increasingly appearing to be man-made decisions. Our leaders know better, but are choosing to do worse.
Where can I get those innovative red earrings?
Jabra
What i think needs to be highlighted is the focus on education. No identity politics, no waste of time on bickering, no radical socialist dreamers hijacking the curriculum.
Just practical learning.
This laid the groundwork, the fertile soil upon which innovation can sprout again and again.
Meanwhile in NYC, we are dumbing down the curriculum and focusing on race as the primary determinant of virtue (or lack of).
You tell me which country does better the next 50 years, barring an all out nuclear war.
Mostly all the dysfunctional nazis in China already got put in death camps. It's a positive thing that the West HAS virtue, because China has none, and it's not helping them have any friends.
Jobs said it is better to be a pirate than a sailor when it came to copying
I don’t feel the need for this content as I feel the world was a better place when the west wasn’t taking Asia seriously.
Biden should have a conversation with this young man and learn to understand what a real win-win strategy is. When there is peace between two trading partners there will be prosperity.
WOW HE IS SO INSIGHTFUL LOVE YOUR BRAIN
Not true. US people are maniacs of "adapting and adopting"", every cereal box has a label screaming "NEW!". (Addition month a later) The people are the same, but the system has simply changed. There is credit only for investment in fast-return activities like loans, software programs, government contracts or the real estate bubble. Not for boring things like infrastructure.
It's ok you can dislike China. But please don't demonize them in a dirty way.
You haven't taken into account the currency depreciation. Per capita GDP does not equal living standards.
The US living standards decreased slightly, and the Chinese living standards increased pbbly less the 10x.
Very interesting viewpoint but a higher GDP doesn't equate to a better standard of living, hence the glaring flaw in your argument.
In addition, every country copies tech from each other, but I would say that Japan and South Korea are the early adopters, then 5-10 years later the US and China copies what they've already built and makes it into a unicorn
You are correct GDP doesn't equate better standard of living. Median income does. China's median income has increased a lot over the years.
@@freespeech8520 I would say that the economic complexity index ECI is a better indicator of overall wealth in a nation and these nations aren’t the ones with the highest GDP. GDP is not a reliable indicator of wealth nor is median income
Come on, apple pay just simply copying alipay and wechat pay!
Alien's plan=The Customer is always right. The Market has final say.
what happened to the Chinese can't innovate narrative?
... and still, China lags far far behind when it comes to infrastructure (see World Economic Forum data). I am 50 years old, living in China since 20 years and yes, I do agree with the Zak - in particular when I compare it with behaviors and 'way of doing things' of many of my former high school class mates in Europe. The main innovation sector in China is IT and its platforms. And yes, innovation adoption driver no. 1 is a population used to change and a young population, which is China not anymore. And here comes to play what I see in Africa: Mobile money is widespread in use there since many, many years .... young educated population used to change as well ... while Europe (that is what I can speak for) is more well-settled, conservative-minded, slightly 'oldish' ....
But they don’t have 2A!
What are the top 5 innovations China has released to the world in the past 5 years?
china/east asia dont discriminate if a street cleaner is using a most expensive iphone... every human has own prerogative...
iphones are for little girls
@@pyrat3538 no discrimination... really...
Chinese are incredible people. They survived through starvation of millions. That’s why they are so adaptable.
The key to China innovation is the ability of the Government to extend 4G and 5G to remote location in China. It have greatly help farmers to sell their products directly to consumers.
China is land of invention and Japan is better,but they need to innovate to make technology to make products and export it
Good but some unfair assumptions.
Wechat was China's adaption of the Japanese app LINE and became popular when the CCP banned LINE because of it's popularity and their inability to control it.
The CCP's control of the Chinese people can not be so overlooked as you have done. This control is a double edged sword and we have yet to see how the other side will cut.
Did it, the CCP's absolute control of the economy facilitate the great expansion? Absolutely. In fact I would argue that the CCP learned this from how the "The West" winning WW2 and the boom that came after effected the economic boom of the 50's and beyond. The philosophy war of citizen control by democracy, fake democracy (Russia, Turkey etc. dictatorships) & fake communism (China, N. Korea etc. dictatorships) is going to be the biggest challenge to our prosperity and survival going forward. I'm not sure how long we can avert WW III with these dictator's lust to eliminate democracy and have absolute power over everyone. Slavery by disinformation.
Yup. Harvard takes money from the Chinese government. This video is made to please them. This presenter looks creepy and speaks in platitudes and buzzwords.
Wechat is not an adaptation of line as wechat came out before line.
Wechat January 2011
Line June 2011
And they don't even look the same.
Wechat is also much better than line.
@@lollymanna Clearly you are not Chinese. It does not mater the listed date you may have Google-ed.
From experience I can tell you EVERY Chinese person was using Line. Oh they had WeChat too but it was Line that they used most.
I’m still concerned. This was an analysis of a moment in time. But i see the debt issue in China, demographic decline, the rejection of the world’s largest consumer, and the fact that their government is reliant on controlling the masses if they can’t continue to improve their lives. I don’t see how a population whiling to adopt a technology in a country with social credit scores can easily justify the concept of more innovative. Thoughts?
Tie this guy's hands, he would not be able to talk. Although he's on to China wins..
I do agree with all that. But, what about authoritarianism? I mean... all the intellectual property in china is in shared partnership with the CCP. I as a innovator I would not want that. And why did WeChat grow so much? It copied WhatsApp's idea for messaging, added payment methods to it, and as it was the only chatting application, it grew. Much like how WhatsApp grew in India. But in democracies like India, people found out that facebook sells their info and so they are unwilling to bank with whatsapp or use it as a wallet app. In China, everyone knows that the CCP is monitoring everyone and has no way to avoid it. And life in China's is anything but stable. Its not a democracy. All this development is at a cost. Yes, outsiders can innovate in China, but if a Chinese innovator/buisness tycoon says something about the CCP, he disappears. So will a Chinese young person want to be in any key position? If I lived in China, I would try to get to some other country and sever my past ties, at least if I wanted a secure and stable life(which most regular people want).
You go to school.... you copy knowledge from the ancestors. Copying is all around.
I spent in Shenzhen 8 years and I know what you mean by speed. However, the speed of the adoption is faster but the frequency of breakthrough innovation is not. The reason is that China lacks in diversity of the adopters, and precisely western diversity can spin more ideas. In other words, China using the West as an incubator of ideas then adopts fast what works without recourse. As a strategist, I would be careful at looking at Chinese consumers and try to copy things back. Very few will work in the Western world. Try to persuade British guy to eat with chopsticks. It could be pretty much the same dilemma. Some things might work but to test you still need early adopters anyway.
Not so. The real reason China couldn't innovate was because there was no need. Being a primarily agricultural society coming into the modern age, every modern products and technology that made urban life possible were already available. The only thing left for China to do is to learn and adapt. Now that China has catch up and stood on the same starting line, it's gonna be a totally different story!
@@oceanbreeze2663 No need as West already did it . SO you confirmed my point. Adaptation requires less risk as is based on a proven concept. You know that something works and then you adapt to your need. Bill Gates didn't invent operating system either. Microsoft saw the value of how companies like Xerox and Apple were developing graphic interfaces, but also knew how to use licensing to get their version implemented at scale. However, pure innovation is inventing something totally new. I would like to see one example from China what it is that previously in any shape or form did not exist in the West.
What the author of the video here talks about that advantage lies in the speed of adoption as society is homegenus. Its sheep mentality and lack of individualism, therefore, products could be much more uniform as it would fit for everyone and everyone would accept it. It is as well the purpose of the government to keep it that way as is efficient. I still doubt it will benefit into some breakthrough innovations any time soon.
@@jacobs8102 lol! That's the mistake the west always does with the east. The west being independent individuals mistake the east's interdependence as being sheep mentality. Keep on doing that and you'll be buried before you know it.
@@jacobs8102 I partially agree. China used to be an adoptor in some industries due to the ROI consideration. When you are far behind others, the most efficient way is to just quickly copy and localize. However, in some industries which are hard to be copied for various reasons, China has started to invent and took a leading role in the world, such as, Ultra high voltage power transmission, 5G, quantum computing, nuclear fusion, Aerospace, electromagnetic, .....etc.
@@yuxiangluo8614 innovation has to be commercialised otherwise is just useless and the state is standing in its way. Or you can use it in the Defence industry. A place like Shenzhen should be already flowing with innovative products, unfortunately, there is only a handful. The stock market is weak. This might change I hope for better soon. There is room for improvement. I really like Shenzhen it is a great city.
This video is very badly informed. You don't mention the banking fee or transaction fee that the larger chinese banks force you to pay from different provinces. WeChat skirts around all of the fee's which is why the uptake is so much greater then Apple pay. Also, the west tends to have free basic banking so the business environment is different. Uptake of technology will only happen if it will save you time and money.
CHEERLEADER FOR THE CCP NARRATIVE !
print more money
Is this a commercial for the CCP?
You may want to provide some examples of the innovation instead of economic numbers. It is hard to name ten. What was mentioned was how fast China has grown. How fast the Chinese people adopt new technology. Nothing was mentioned about the innovation that was created. If we look at usa and innovation. It is easy to name many. We see how tesla is reinventing the battery technology, and we see them using pure vision to create self driving cars, and we see how tesla is remaking our solar energy is stored. We look at Apple, we see them creating the best microchip in the world with the M1 chip, and we see how easy it is to use the apple watch or Apple pencil. And that is only to name a few.
IMO, it is not about the number game with people. Rather, The biggest advantage of usa is the culture. The culture where failure is embraced because they know success is one step away from failure.
In order to show how innovative China is, the main highlight should be the showcase of China's innovation rather than economic numbers.
Actually very few people can name the so called American "innovations" you just named, lol at apple watch or pencil being innovation.
@@AndrewManook that is surprising. Regardless, the main objective of this video is to show the innovation advantage. This video could have done a lot more if they had shown the innovation products that is coming out of China. I am only able to name those from USA. Are you able to name any from China?
I totally agree. Adoption and radical innovation is totally different. Cost is different too. I would say Chinese design is not human-centric it is government-centric.
@@jacobs8102 yes yes.. I agree with that. I hope they are able to see pass the hype, and stories. And government are usually not very good at being running businesses.
@@ivantan6129 don't make someone start the trump's 5G technology stolen from the US again.
The thing lies in genetics. The average Chinese brain, due to years of warfare over 4000 years, has 20% more volume, and a larger parietal lobe, with more frontal lobe area. I'm white American, if that matters.
I, for one, welcome our new big brained Asian overlords.