The article sort of misses the real issue- the demographic. The PRD is very young, well educated and highly ambitious. Tokyo has the education, but it otherwise increasingly stagnant.
New difficulties here in Shenzhen buying the required markers of Chinese status (cars and houses) mean young Chinese are increasingly interested in startups and entrepreneurship as an alternative signaling method.
New difficulties here in Shenzhen buying the required markers of Chinese status (cars and houses) mean young Chinese are increasingly interested in startups and entrepreneurship as an alternative signaling method.