[NicolBolas]

COL is even higher in China relative to their domestic wages. Yet, entrepreneurship is much more dynamic in China than Canada.

It's a cultural problem. Hustle culture and entrepreneurship is respected in China. That's not the case in Canada.

[nmfisher]

I don’t know about Canada, but there’s also no unemployment safety net in China, which drives a lot of “neighbourhood” businesses (hairdressers, AirBnb, milk tea shops, etc).