How we misunderstood China đŸ‡šđŸ‡łđŸˆ”

A thread about China's emergence as a superpower & how it's defeating silicon valley in term of innovation & emerging as a Leader in Tech.

China is no More a low cost producer.

All sectors of economy are being reshaped and reimagined in china.
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We all know china is famous for producing duplicate copies of products.
Ranging from iphone rip offs to Nike's duplicates.
If Copying is a competition china surely emerge as a winner.
But,Today' china is different they are no more a copycat nation they are the new innovators.
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Chinese innovation that puts silicon valley to shame

China has landed the first spacecraft on the moon's far side.

Created first gene edited babies

A robot dentist in china was first to insert a 3D tooth implant.

Shenzhen' s bus fleet is entirely electric.
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Sensors on lamppost collect & send pollution data to government who advices people to stay home when pollution is severe

Facial recognition tech catches jaywalkers and scold them on wechat.

Even beggar's in china are adopting the tech & carry QR code to recieve donations.
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Robin li(Baidu) , Pony ma(tencent, jack ma (Alibaba) are China's answer to Jeff Bezos and Steve jobs.

Now the west has started to copy China.
Virtual gifts, AI powered news, Video apps , super apps.

China tech innovations are getting ahead of silicon valley.
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Facebook imitates private group messaging feature from wechat.

Chinese drone maker DJI, is best in class & market leader.

Alibaba brings robot in retail way ahead of Amazon and Wallmart.

Apple copied Xiaomi Subscription based content.

Wechat messaging has eliminated email.
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In china's digital markets new fads and ideas catch on quickly.
Half of China's population is under 30 , These millennials and Gen Z youngsters quickly adapt to new technologies.
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Wechat took 3-4 years to reach to almost everyone in china.

Virtual gifts to online creators, celebreties happened a couple of year ago in video streaming market.

Cofee is ordered by mobile app and speedily delivered in spill proof cups.
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Battery swapping stations for EVs quickly extents driving ranges.

Personal drones fly people short distances.

A credit system score is being introduced in china which tracks all your online offline behaviours and rate you based on your online behaviour.
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From copying to inventing & now setting the new technology trends.
These new entrepreneur in china are hungry ,tireless and persistent.
They are schooled in west from elite Universities like Stanford,Harvard ,yale ,MIT.
They are returning to china to built there start ups.
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China has a 35 year plan to boost economic development by accelerating entrepreneurship, research and development.

A state let 15 billion $ fund to invest in startups and cutting edge technology.

Venture capital market in china is as big as Sand hill Roads
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Tencent and Alibaba ranks in top 10 publicly traded companies in same league as Apple, Microsoft, Amazon.
China gains in national R&D spending $409 billion matching to Us $497 billion.
Patents applications from China ranks at 2nd place from 7th a decade ago.
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China has 4.7 million graduates in science tech and engineering as compared to 568,000 for US.

China is also leading in academic scientific research by publishing.
426,000 papers compared to 409,000 by US.
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China has 202 speediest supercomputer as compared to US

Internet and smartphone user in china eclipse US by 3 times.

When is comes to uneven playing field.
Us companies can't supress the the great firewall of China's internet censorship and reach Chinese people directly.
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Google ,Twitter and Instagram remains blocked in china.
Most American companies fail in china.
eBay, Groupon,Google ,Facebook , Pinterest are faliures.
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China startups are pusing the boundaries of Technological usage in their innovative business models.

AI
Baidu is emerging as an leader in AI with its driverless cars tech & AI voice activated smart home devices. US has the lead but china is innovating faster.
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New retail stores
Alibaba and http://JD.com  are innovating retail.
Cashless and cashier free stores with robot store employees & speedy delivery are way ahead then Amazon.
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GOING CASHLESS
China is going cashless.
It's massive $9 trillion mobile payment markets is way ahead of US.
China has bypassed credit cards ,personal computers for mobile stores and retail stores for e- commerce.
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FINTECH
Ant financials by ALIBABA is one stop shop financial services that uses big data and Machine learning to dominate money , lending ,insurance,mobile payment ,wealth management and Blockchain services.
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SOCIAL CREDIT SYSTEM
The Black mirror episode where people are rated according to their social behaviour is a reality in china.

This system judges the trustworthiness through tech surveillance and gives rating that can be determine acess to loans ,jobs school & travel.
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VIRTUAL REALITY
Arcades in china are crowded like amusement park.

LIVESTREAMING
Baidu's Netflix like iQiyi And YY are booming and creating online celebrities who are being paid in virtual gifts by viewers.
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ELECTRIC VEHICLE
Government is subsidizing the Electric car maker NIO & Xpeng motors.
Cars with self driving capabilities and built-in entertainment apps are being promoted as clean energy alternatives.
China is world largest maker and seller of EV.
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These China centric giants are pushing to go global.
Acquisition of startups and cutting edge emerging companies is being funded by Chinese players.
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The day is not far when these Chinese Companies will dethrone the US tech leadership with their innovative use of tech.
No nation or kingdom has countinue to rule the world .
When we are going to see the Fall of US.
A decade,50 years thts hard to tell.
If you have made it through till here

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