Hacker News new | ask | show | jobs
by Jyaif 2771 days ago
FYI, China is investing in the long run (20 years+).

A couple of points that leads me to think China will dominate the world in the next decades (if it has not started already):

* With the Belt and Road initiative China is building deep relationships with half of the countries of the world.

* Their industry is not slowed down by regulation, so they iterate and learn quickly. For example, some people think they'll be the first to widely deploy self driving cars. Yes there will be a ton of accidents because their technology will suck at first, but they'll be able to improve faster than any company in the west. An other example is everything related to medicine (e.g. gene editing).

* Their culture values hard work. If it were not for the quotas MIT would be 70% asian.

2 comments

Keep in mind that institutional investors don't invest much "in the long run".
Belt and Road: Malaysian government stopped a $20B project. Maldives just called it one-sided. India refuses to have anything to do with it. So do most of the EU members. Media around the world is calling it debt trap

Regulation: deadly vaccines. deadly milk powder. Their citizens then choose to buy foreign goods only

hard work: they are at their job 60 hours a week. but only working 20.

why are people downvoting this-the only illogical point is the hours worked thing-sure a poorly trained chinese person may only be productive for 20 hours but they can afford to put 6 people on a task that people in the west would pay a single person for apart from software manhours do scale and even in software the majority of the world gets by on "good enough"