Is China winning the tech giant race?
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Rusty Wyse@21:1/5 to
All on Fri Feb 4 10:29:32 2022
Bill Chen
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Lives in SingaporeUpdated Mon
Is China winning the tech giant race?
Taken as a whole, China is still third world in terms of per capita gdp, education outcome, Healthcare, urbanization, and hdi.
But China is embracing the future like no other country.
Shenzhen is the world's first fully covered 5g city, ahead of Seoul. Cities and factories will be run with 5g enabled IOT.
Chinese cities are increasingly cashless.
China is already building maglev lines that will operate at 600kmh or more.
And just recently, the 2022 forecast is for 60 percent of global ev volume concentrated within China.
In other words, China will buy more EVs this year than the rest of the world combined.
It used to be Europe or America, perhaps Japan and Korea that revolutionized or inspired the world with breakthroughs. People wanted what they had.
Going ahead, people will want what the Chinese have and live like they do.
Not yet. But it is coming.
This is how tech races are won.
Becoming desirable.
Note: what comes out of China will be robust winners tested by the numbers. They will already be world beaters, because that is what it takes to emerge from a billion strong society.
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