What we learnt from HEFEI wasn't that They had a lot of Government funding.
That's a simplistic view that misses the very core of their success
There were so many provinces with money at that time BUT only them saw the money from the point of View of hard starting a whole industry.
They didn't just fund anyone they looked for Anchors of the future they envisaged.. In the case of BOE they lured them from Beijing because they wanted HEFEI to be the leader tin LCD, industry. To do that they needed an anchor and BOE fit their radar. BUT when BOE came they didn't just sit they created the conditions for it's success, mandates talent and once profits came in Forced Boe to fund R&D in the sector.
That's to me is different from just having money it's more to do with having a lazor sharp focusing on where you are going and how you get there. Money is just the fuel.
This is a fascinating article. As I've watched China's ability to get things done by government mandate that we couldn't get done here, I've wondered what would happen if they could engineer large-scale entrepreneurship with those big local and national government bucks. Your article shows it's happening on a major scale. We've got a real clash of entrepreneurial models now.
The scale is just out of this world and the fact that they are replicating at such a fast pace and just across the country. I think what has been missed is the power of the State Mandate and the 50 year plans being implemented across the country. Its a whole machinery taking advantage of the 1.4B people and cities being used as the drivers of that implementation plan.
I think you’ve really got something here. The stats that you are providing and the scale of them are amazing. It used to be that the US had the advantage in the economic wars because of the power of entrepreneurship and risk-taking. It’s a new ballgame, at least for the biggest scale industries, technology, and products..
Yes i think for now the US will have to coalesce around industries China doesn't want to promote like Crypto because even the consumer Apps that aren't State priorities, smaller cities are in China seem to be moving there too. BUT time shall tell.
What we learnt from HEFEI wasn't that They had a lot of Government funding.
That's a simplistic view that misses the very core of their success
There were so many provinces with money at that time BUT only them saw the money from the point of View of hard starting a whole industry.
They didn't just fund anyone they looked for Anchors of the future they envisaged.. In the case of BOE they lured them from Beijing because they wanted HEFEI to be the leader tin LCD, industry. To do that they needed an anchor and BOE fit their radar. BUT when BOE came they didn't just sit they created the conditions for it's success, mandates talent and once profits came in Forced Boe to fund R&D in the sector.
That's to me is different from just having money it's more to do with having a lazor sharp focusing on where you are going and how you get there. Money is just the fuel.
This is a fascinating article. As I've watched China's ability to get things done by government mandate that we couldn't get done here, I've wondered what would happen if they could engineer large-scale entrepreneurship with those big local and national government bucks. Your article shows it's happening on a major scale. We've got a real clash of entrepreneurial models now.
The scale is just out of this world and the fact that they are replicating at such a fast pace and just across the country. I think what has been missed is the power of the State Mandate and the 50 year plans being implemented across the country. Its a whole machinery taking advantage of the 1.4B people and cities being used as the drivers of that implementation plan.
I think you’ve really got something here. The stats that you are providing and the scale of them are amazing. It used to be that the US had the advantage in the economic wars because of the power of entrepreneurship and risk-taking. It’s a new ballgame, at least for the biggest scale industries, technology, and products..
Yes i think for now the US will have to coalesce around industries China doesn't want to promote like Crypto because even the consumer Apps that aren't State priorities, smaller cities are in China seem to be moving there too. BUT time shall tell.