China already surpassed US economy according to some studies. And it was at 1/100 of US economy tens of years ago.
Part of this rise to power is due to US companies investing there, buying and giving know-how in the process, but the huge part is they've built some of the world best learning systems, the state is massively investing in education, they invest more than any other country in research. And, perhaps one of the biggest factors, unthinkable in the West, is that Chinese economic entities are cooperating instead of being secretive. If one Chinese company will develop something, you can bet the rest will learn that fast and will use it in the next economic cycle. In China all knowledge is in fact a big open source scheme. Every new startup can benefit from the know how, experience and research done by others. This accelerates accomplishments like crazy.
So, to recap: CCP makes good plans for very large time scales, they have one of best education systems, they try to educate as much people as possible, they invest heavily in research, companies are more likely to cooperate instead of competing, knowledge is shared.
It's a perfect recipe for success. And I just wonder why other countries can't apply the same recipe.
Part of this rise to power is due to US companies investing there, buying and giving know-how in the process, but the huge part is they've built some of the world best learning systems, the state is massively investing in education, they invest more than any other country in research. And, perhaps one of the biggest factors, unthinkable in the West, is that Chinese economic entities are cooperating instead of being secretive. If one Chinese company will develop something, you can bet the rest will learn that fast and will use it in the next economic cycle. In China all knowledge is in fact a big open source scheme. Every new startup can benefit from the know how, experience and research done by others. This accelerates accomplishments like crazy.
So, to recap: CCP makes good plans for very large time scales, they have one of best education systems, they try to educate as much people as possible, they invest heavily in research, companies are more likely to cooperate instead of competing, knowledge is shared.
It's a perfect recipe for success. And I just wonder why other countries can't apply the same recipe.