31–40 of 75 posts
Earlier quoted context omitted.
It's most likely a jumping off point. One way to learn painting in the past was to copy paintings made by masters. So as the economy develops and more people can afford to take risks, innovations should be more common (unless govt intervention prevents it). Japan was viewed upon as a land of where cheap imitations were made.
They've been saying that since the Chinese economy opened up in the 80s, really opened up in the 90s, really really opened up in the 2000s. so far, nothing in 35 years. Japan had so much innovations in way less time. meanwhile China's economy is crashing down, and no more free FDI to fuel any further progress
(There should have at least been a few Akio Morita's by now.)
Earlier quoted context omitted.
Why would any foreigner want to start a company in a country that - requires you to give up 50% to a local partner - blocks internet access to foreign websites (thus foreign customers) - can take away your business/assets/customers without trials - treats foreigners as a mere entity to steal technology and clients from?
> - requires you to give up 50% to a local partner Chinese people. Don't worry, there's plenty. And they do not have subpar education, nor do they have less intellectual capacity (hell, most studies seem to conclude they have -just a little- more, on average). > - blocks internet access to foreign websites (thus foreign customers) I think you'll find that inbound commerce (or outbound commerce) is not all that restri…
1. https://www.amazon.com/Bad-Samaritans-Secret-History-Capital...
my friend went there and opened one a few years ago. it's relatively easy to open one I was told but it's super painful to close that, even though it's a small startup and financially clean, still do not know how he could ever close that, many procedures, paperwork, financial check everything he could not supply as a small player,etc. it's just impossible to close i guess. basically it looks to me that it's a easy-in…
Why would any foreigner want to start a company in a country that - requires you to give up 50% to a local partner - blocks internet access to foreign websites (thus foreign customers) - can take away your business/assets/customers without trials - treats foreigners as a mere entity to steal technology and clients from?
Not all businesses are "startups", the way the word is used in the West.
You're right that the word is increasingly used to refer to SMEs that have been around years, are stable, etc. - just because it carries weight as a buzzword. But in the context of newly created businesses, that's exactly in-line with proper/original meaning.
(A better title might have been '12,000 new startups in China every day', or equally '12,000 businesses created in China every day'.)
my friend went there and opened one a few years ago. it's relatively easy to open one I was told but it's super painful to close that, even though it's a small startup and financially clean, still do not know how he could ever close that, many procedures, paperwork, financial check everything he could not supply as a small player,etc. it's just impossible to close i guess. basically it looks to me that it's a easy-in…
Earlier quoted context omitted.
Why would any foreigner want to start a company in a country that - requires you to give up 50% to a local partner - blocks internet access to foreign websites (thus foreign customers) - can take away your business/assets/customers without trials - treats foreigners as a mere entity to steal technology and clients from?
As an American that has 100% ownership in two China legal enterprises, not sure where some items in your bullet list are coming from. Yes, there are unique difficulties. No, communist hard-liners are not setting over my shoulder plotting to take my business without a trial.
Not all businesses are "startups", the way the word is used in the West.
'Startup' comes from 'start[ing] up a business' - so 'startups are being created' doesn't strictly speaking make sense, or at least calling them 'startups' isn't adding anything not provided by 'created'. You're right that the word is increasingly used to refer to SMEs that have been around years, are stable, etc. - just because it carries weight as a buzzword. But in the context of newly created businesses, that's e…