Update on China
summary
China produces top test scores—Shanghai tops PISA—but schooling emphasizes rote skills over creative thinking, so startups find talent hard to scale: hiring about 400 engineers, ~10 creative is typical. Consumer services show rampant copying—researchers stop after finding 74 clones of one deal model—yet innovation appears in business models, pricing and manufacturing scale. Examples include WeChat as a platform innovation. Foreign tech falters from slow decision cycles and lack of local empowerment, and cultural change toward risk and vision is gradual not instant.
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