New experiment is Hainan Free Trade Port FTZ but that's not really vs silicon valley. IMO software/services downstream of hardware/silicon, and geopolitically,

New experiment is Hainan Free Trade Port FTZ but that's not really vs silicon valley. IMO software/services downstream of hardware/silicon, and geopolitically, PRC competing on that would really spook US. But medium term, need to be done, especially via industrial policy vs US encumbants whose been around for decades. I think once PRC gets a whiff that entire domestic semi supply chain secure they're going to push hard on 5 year plans for software... i.e. go after microsoft, adobe, autodesk... the productivity suites that run the world, and everything else in between, if only as jobs program for stupid amount of software engineers they'll churning out. Also HK won't won't work because it's been tried and failed. HK existed for 20 years post handover and continued to double down on being financialization with very little technical/innovation relative to her resources. There were explicit efforts to try to build out HK tech / silicon valley and they failed. IMO liberal economic freedoms is also why HK has some of the worst tertiary enrollement stats relative to OECD... it's a city of to be blunt, lazy kids (referring to new gens under liberal education vs their mainland immigrant parents). At least relative to east asia. Propped up by importing foreign and mainland talent. If it sounds like I just described the state of America education and the various indigenous problems this report covers, then bingo.