The front-runners of frontier tech such as AI and Automation are in China.
Eight out of the ten top patent-producing cities are in China.
China has 35% more population than the population of the United States and Europe Combined. Nearly half of them are in the middle class.
Their tech startups now account for more than one-third of the unicorns in the world.
China has been on the rise for years and now they are on the brink of taking over, obliterating the competition and becoming the new, and only, tech superpower of the world.
At least, that is what my title would imply. A title shared by the Web Summit’s Centre Stage “nod to China” panel discussion. I wanted to see as many of the China talks as I could (there weren’t many) and to speak to as many people connect with China as possible (I was only able to find about 200 out of 70,000). For one of the largest tech conferences in the world, the new tech goliath chose to remain lowkey.
But this Centre Stage panel was going to be the big reveal. China is here to crush the competition with their superior tech and rapid manufacturing.
The three China panelists walked out on stage. There was Chad Xu, founder of Silicon Valley Ventures and owner of ZOWEE, the manufacturer of Lenovo, Samsung, and Xiaomi. Then came William Joy, Founder of Video++, a series D funded video AI platform. Finally came Yang Ge, Senior Editor of FTChinese. It was time to learn how exactly China planned on achieving world technological domination.
First Chad, “I do not agree with the title. The title is more of a title for the media. Not for business. If you came here because of the title, then the media got you. In the professional world, competition is not a boxing match. One does not knock out the other. Instead, they find a way to collaborate and make each other better.”
Then William, “I went to school in the US and was able to learn from the US mentality to contribute to my success with my company in China. There is a lot both can learn from each other.”
And, finally, Yang Ge, who tried to play along with the title but, in the end, conceded that the relationship China has or wants to have, with the US is one of cooperation, not domination.
Despite the Web Summit’s attempt at being sensational to draw a crowd, the last thing China wants is to upstage anyone. At least, this is what this panel would hope the world would see. While the media rages on about trade wars, the business world clings tightly for a time where China and the US can trade freely again. Due to trade import and export, China and the US are both benefits tremendously when the other succeeds. And it makes sense to me why they’d want to keep it that way.
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