China is entering a golden age of innovation Asia Times

China is entering a golden age of innovation Asia Times

This article is the second part of a commentary published by Guancha.cn. Hao Ping, which means “good commentary”, is the Guancha column’s title. Asia Times editorial elucidation notes are in brackets. It is republished with permission.

Many people in China realized that a long-term change was now taking place in the country when it first witnessed a wave of technological innovations, ranging from movies and video games to arbitrary intelligence and modern fighter jets.

China’s rapid change is brought on by its tactical resolve, market vitality, and societal cohesion. Although this transition has been continued, it is eventually being made known to the world. Its final outcome may be more than what people may think. It&nbsp will continue to develop and establish a new era of industrial society.

DeepSeek’s founder, Liang Wenfeng, previously provided a compelling description of this quick change.

In a distant Guangdong city in the 1980s, I was raised in a small town. My parents taught in the major institution. Individuals had a lot of opportunities to make funds in Guangdong in the 1990s. Some parents came to our home and said that knowledge was futile. These beliefs have now fully changed. Because it has become more difficult to make money, even if you can’t afford to work as a cab driver. Everyone has changed in just one era.

Hardcore technology will continue to be a key component of the future. Because society demands substantial outcomes, this might not be widely understood at this time. Society’s overall attitudes will change when those who achieve hardcore development are powerful and recognized. More effective situations and more time are required.

Two notable guests to the American National Exhibition in Moscow’s Sokolniki Park during the summer of 1959 were US Vice President Richard Nixon and Soviet Premier Nikita Khrushchev.

The two engaged in the historical” Home Discussion” in front of a model apartment adorned with contemporary furniture and appliances.

According to Nixon, the majority of American blue-collar employees could afford for a home and its devices, with homes generally being replaced every 20 years as consumers switched to better ones. He claimed that the British program is meant to profit from recent discoveries and methods.

But, Khrushchev defied Nixon’s argument and focused his criticism on the economic benefits of supply. The goal of the Cold War [the fall of the Soviet Union in 1991 ] provided a gradual solution to this discussion a few years later.

American consumer goods improvements from McDonald’s to Coca-Cola, Hollywood to Nike proved more successful than [the Soviet Union’s ] missiles or nuclear weapons in influencing the world’s thoughts and fostering a common desire for a particular way of life.

What’s great about this state is that America started&nbsp, the custom that allows the richest consumers to purchase basically the same things as the poorest, as Andy Warhol, the father of pop art previously said.

” You can be watching Coca-Cola on television and realize that Liz Taylor and the president both consume Coke, and you also realize that you can also consume Coke.” No amount of money you substitute for the bottle of Coke the arse on the spot is drinking, because a Coke is a Coke. All Brand are the same and are great, too.

The modern society Nixon had happily promoted as the pillar of America’s greatest victory in the battle for hearts and minds.

Due to their better value and lower costs, Chinese goods, from TikTok, Shein, BYD, and DJI, are now amazing.

China could safely state that:” The Chinese system is designed to take advantage of new ideas and new methods if a fresh” Kitchen Controversy” were to take place immediately. Some Americans, or those who support America’s ideology, may become provoked by making this claim.

They might say that “innovation and creativity cannot be planned, followed by obscurity theories of Ronald Coase, a British economist ( 1910-2013 ), whose theories focused on the nature and effectiveness of companies, creating an” amusement atmosphere.”

People made fun of the poor scholar Kong Yiji, who likes to use outdated Confucius words, in a brief story by Chinese author Lu Xun in 1919, which created an “amusement atmosphere.”

Why did the “visible hand” [which refers to the Chinese government’s significant position and direct involvement in the economy ] defeat the “invisible hand” suggested by British economist Adam Smith in 1759?

The change in Made in China is proving to be more and more obvious. Although corporate profits overwhelmingly orient America’s top talent toward a select few industries, China’s professional policy has evolved way beyond pre-existing stereotypes.

The government is focused on addressing market problems and sharing development costs with specific businesses by fully utilizing market forces and empowering private companies. Additionally, US socialism has long been shifting its focus away from the manufacturing industry.

The impact of China’s industrial policy is powerfully illustrated by the contrast between US and Chinese R&D purchases.

National businesses invested$ 692.7 billion in R&D in 2022, while China invested$ 354 billion, according to the US National Science Foundation. Even after purchasing power parity was adjusted, the distance was important.

However, a closer examination reveals the uneven distribution of the United States ‘ investment in development: just slightly over half of its business R&amp, D paying went to production, and about one-third of that amount was invested in the pharmaceutical industry.

In contrast, manufacturing received over 80 % of China’s corporate R&amp, D investment, with the information and communication technology ( ICT) sector accounting for 20 % of the investment, making it the largest investment among all other manufacturing sectors.

The investment plan that” concentrates on a particular business and diversifies on companies” not only ensures a healthier supply of skills and financial resources, but also creates an environment where Chinese companies may leverage comparative advantages, much like the old strategy of” Tian Ji’s horse racing. ” &nbsp,

Chinese strategist Sun Bin suggested that Tian Ji, a general of the Qi state, arrange the horses ‘ deployments so that Tian’s strongest horse could defeat Tian’s average horse in the King’s weakest horse. The King lost the race overall, despite the fact that Tian’s weakest horse was still ahead of the King’s strongest horse. Sun was later appointed as the King’s top military adviser.

What is more crucial is that the collaboration between the traditional and the emerging industrial sectors can foster synergy and foster effective innovation.

The rise of China’s new energy vehicle industry is a good illustration of how the country’s ICT and machinery manufacturing sectors have contributed to this growth.

China is currently at the height of innovation. A diverse corporate ecosystem is being supported by billions of yuan in annual R&amp, D investments, both domestically and internationally, and billions of yuan in STEM graduates from its universities.

Difficulty supergiants, hundreds of unicorns, and nearly 15, 000 specialized and creative “little giants” are included in the ecosystem. ” Made in China” or” Created in China” are developing in terms of depth and resilience.

This multidimensional innovation network avoids the stifling of central planning in the Soviet Union and the harmful effects of America’s laissez-faire mindset. A new paradigm of modernization is born out of this. [ The Kitchen Debate ] in 1959 appeared to be a true prophecy.

The world is witnessing a quiet but profound paradigm shift when Chinese new-energy vehicles shine at the Munich Auto Show, DJI’s drones fly over the Amazon rainforest, and TikTok fosters a sense of belonging among young people across ideological and linguistic divides.

This is neither a straightforward race for technological supremacy nor a ideological conflict in the vein of the Cold War. Instead, it is humanity’s reimagination of innovation and progress that is inclusive in the digital era.

A development miracle can occur when technological innovation becomes accessible and affordable, and industrial upgrading opens up new opportunities. This is the lesson of” Made in China 2025.” &nbsp,