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Comment by digitalzombie | Hacker News Reader

I would love to see the down sides. It feels like he's on his honeymoon stage with the country.

I know of a few downsides but the current article make it seems like a tech paradise.

* pollutions

* the # of people graduating college doesn't imply that the quality of education in China is the same as USA. I've heard stories and my ex went to China to study abroad and cheating is rampant. It's mostly rote learning.

* the stock and IPO he've mentioned make it seems like China stock market is awesome. I've played around with China stocks when China started to trade. Let me tell you, there were tons of pump and dump and companies lying on their balance sheet. An example was JRJC, CAST, CCME, etc.. It's hard, very hard market.

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All of the amazing websites and apps created here are just copies of other apps, localized for China. I don't see this as anything to be too proud off, creating the apps isn't hard, and china has a huge number of people so you have that going for you.

Show us were China is innovating, that is where the real story is.

Roll back in the 80ies, you will see the same comments about Japan doing no innovation on cars, electronics, etc.

I work in China tech sector, young Chinese are innovating furiously, but it will be more obvious when there will be one or two worldwide success. I would bet it'll come from hardware and probably shanzhai movement.

- WeChat (On all smartphones and old java shitty ones too)... Tencent in general.

- BYD

- taobao

These are all innovative companies (one with Warren Buffet backing them).

They have a lot of existing and potential users. Roughly three times more than the US. And the thing is that there will come a point where they'll go from copying to actually innovating, just like Japan and South Korea did.

http://www.vice.com/vice-special/ant-and-rat-tribes-in-beiji...

http://unitedphotoindustries.com/exhibitions/rat-tribe/

China is a dystopic nightmare for the poor and greenzone dreamland for the rich. It's also the future. With generations of population growth, it will be the only country that can manage the crowded future.

With generations of population growth, it will be the only country that can manage the crowded future.

Sorry, it's not clear to me what you mean. Do you mean with generations of population growth to come? But then what does that mean?

The truth is that China will gentrify so rapidly over the next 40 years (whole population aging and a generation of strict family planning resulting in too few to replace them), that if China wasn't industrialising and becoming wealthy as fast as it is, it would be destined to the 'has beens' of history due to an inability to care for it's aging.

India is the real future. An extremely young population, with an (arguably) high level of education, which will provide workers for the factories of the world once China is all out of cheap labour both through economic growth and population aging.

China has Africa.

again, what does that mean? China has africa as a source of resources? of people? Because so does the rest of the world, and the fact remains that africa's infrastructure is so poor, the continent so corrupt, the level of education so low (on a comparative basis) that it is going to take at least a generation, even with huge investment, to reach any point where Africa is a major contributor to GWP

absolutely never buy chinese stocks, especially on the chinese stock markets. They all, every last one of them lie on their balance sheets. There is no morality in chinese business world, people will cheat their own family members to make some quick money, literally cheat their brothers, cousins etc. Insider trading is rampant, especially pump and dump schemes. There is virtually no regulation for insider trading and the few regulators that exist are easily paid off to turn a blind eye to what is going on. Unless you personally know an executive in the company you should not invest in any chinese company

I don't think it was meant as a review of China. It's a comparison of the tech industries.

Education quality and pollution (lots of high-tech hardware industry stuff) are very relevant to the tech industry, I'd say. Also government and regulation issues.

He is an executive at a Chinese tech company. They have PR awareness so he isn't going to get into anything politically controversial.

Also I don't think he was there to pitch you into doing business in China.

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