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by kitschshrine
3399 days ago
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They've been saying that since the Chinese economy opened up in the 80s, really opened up in the 90s, really really opened up in the 2000s. so far, nothing in 35 years. Japan had so much innovations in way less time. meanwhile China's economy is crashing down, and no more free FDI to fuel any further progress |
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Bike-sharing startups like MoBike: Use their app to find the nearest bike to you, scan a QR code to unlock it, and pay $0.15 for one hour. You can then ride and leave it anywhere. Admittedly, this is only possible due to v. high urban density (China has ten cities with populations greater than London and similar urban densities).
I can order a lot from the same app/interface: takeaway, cinema tickets, hotels, flights, KTV, etc. I find this more convenient than UK. Mobile payment penetration here is very high here too. Almost everyone pays for almost everything with WeChat.
Andrew Ng argues that AI progress in China is underreported due to the language barrier. I suspect this insight applies more generally to all the innovations happening here.
*https://www.theatlantic.com/technology/archive/2017/02/china...