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While China is well on its way to becoming a key player in fields like AI, by far the greatest thing preventing it from becoming the "next Silicon Valley" is ce

While China is well on its way to becoming a key player in fields like AI, by far the greatest thing preventing it from becoming the "next Silicon Valley" is censorship and protectionism of the Chinese government. The fact that online social platforms in China have to play by the CPC's rules makes it extremely difficult for a service to have both a mainland Chinese and international market. Places like the E.U. and large democracies like India have a huge competative advantage due to the fact that there are very few bureaucratic and political hurdles to get a business started.

chaostheory 9y ago
It's not just censorship and protectionism. China is just too used to attempting to centralizing everything. There's a cost. The reason why is because central offices will eventually lack needed localized knowledge to make optimal decisions, resulting in inefficiency, less creativity, and slowdowns when it comes to changing in response to problems or other new conditions. It's a bit ironic that the country that revolutionalized guerilla warfare fails to see this.