Name: What the world can learn from China's innovation playbook
Uploaded: 2023-05-15T14:52:34Z
Duration: 13 min 31 s
Description: In the last few decades, China has gone from technological scarcity to abundance. What sparked this shift? Economist Keyu Jin explores how China has fostered a model of innovation unlike any other and shows why understanding its competitive, collaborative approach could benefit the world -- and perhaps demystify some contradictions.

Keyu Jin: What the world can learn from China's innovation playbook

What the world can learn from China's innovation playbook

In the last few decades, China has gone from technological scarcity to abundance. What sparked this shift? Economist Keyu Jin explores how China has fostered a model of innovation unlike any other and shows why understanding its competitive, collaborative approach could benefit the world -- and perhaps demystify some contradictions.

China has transformed from scarcity to technological abundance in just a few decades, with everyday scenes like robot-delivered toothpaste and solar-powered homes now common. This leap comes from a hybrid model: centralized political vision combined with fierce local competition and support. Local governments partner aggressively with startups, helping EV company Nio grow its market cap from four to 100 billion dollars in a single year. The result is rapid mass adoption, global competition, and technologies that reach beyond China’s borders.