China is no longer a nation of tech copycats
wired.co.uk
wired.co.uk
Bottom line is that this is both good and bad news for China.
I was discouraged by that fact before, and wondered whether joining the herd thinking was actually better for my own life. Until I avoided the China stock market crash last year, where many others persist in their illusion that the stock market can boom even when the fundamentals are weak.
In fact, critical thinking and independent verification only get you into trouble if you publicly speak out. If you just keep the results to yourself, you can find opportunities and escape disasters before others, assuming your thinking gets you closer to the truth rather than further. Why enlighten the fools if you can just exploit them? Especially since they won't listen anyway?
> Why enlighten the fools if you can just exploit them?
If they're family and you can convince them.
The fundamentals lost their annual rise from 6% to 3%, which is still a much better rate than any other major economy. I kept my chinese investments and it's still raising with 3.5%. True rises, not artificial booms.
Still more secure than the promised 10-20% interest from monetary gambling by wallstreet, not backed up by economic advantages.
What they have done so far is applying western technologies/business models to the Chinese market, maybe some modifications here and there for the local culture and marketing schemes, but hardly innovative.
Now, can you name a few things coming out of China in the last twenty years that are relatively innovative and influential? Maybe things like Linux, Java, Netscape, Rails, Jquery, Twitter, Instagram, etc. The definitions for 'innovative' and 'influential' are up to you, I am just genuinely curious.
Wechat has a eco system that links to your checking account. Therefore, you can pay your bills: Taxi, fresh fruit from street, pre-order movie seat while you are on the way. I had an two weeks no-wallet-challenge last year in china. The 3rd day I gave up, not because it doesn't work, but it sounds like documentary about surfing internet nonstop for 24 back to Y2K years.
payment: https://www.techinasia.com/day-with-wechat-payments-in-store...
movie: http://www.smartshanghai.com/articles/smsh/how-to-buy-movie-...
whatsapp, snapchat etc still not very close to wechat on these functions.
Then, for the first time i thought novelty is coming from the east and not the west ( i live in europe).
The only last thing that gave me a tiny little bit of hope, was that even in China, the top scientists working on advanced R&D tech still come from the west. But for how long ? I would say max 5 years. I'm still betting on the next apple or google coming from china.
Arguably the Great Firewall is also something new, in that they apparently manage to exercise a measure of real control over 700M people (I suppose one could argue that Facebook does the same with it's users, though).
PS. I am sure I have read this article before, somewhat recently.
there fixed it for you.
The title is also really bad, as if China was at a given time a whole nation of copycats (although the article itself doesn't insist on this point).
People reverse engineer your product/company. So what?