I don't believe innovation is limited to any country or race. anyone can innovate. however the chinese are really independent and hardworking people. I salute them.
@@JamieCYW He literally said "not limited to any race" and you ended up talking about his race.... lol I do think he has a better point than your petty one.
The four most important inventions(black powder, compass, printing & paper making) are from the Chinese. I'm no doubt they are very smart peoples. Also according to research, they also have higher IQ than the rest. Every country copied. But unfortunately when the Chinese doing it. There are youtube to broadcast it.
Bill Gates once famously said: "Well, Steve, I think there’s more than one way of looking at it. I think it’s more like we both had this rich neighbor named Xerox and I broke into his house to steal the TV set and found out that you had already stolen it.” 👍😁
@@flowertay7383 well said, until now US still did not own 5G tech. It is all HUAWEI' fault, they use time travel machine to steal USA' s future 5g tech
Historically speaking, China always was the leader or superpower in last 1800 years, and it was left behind only in the recent 200 years. So the US should not get surprised that China becomes the superpower again in the near future.
This is 2020, August. The CCP is under fire by the whole world for releasing the virus called CCP virus, courtesy of the maker, and the world is in great trouble because of this virus. This is the super power you are talking about. Maybe you have to change your mind about this concept, unless you are one of the CCP or its 50 cents army.
Japan and Korea are indeed good example. What do Japan and Korea have in common? Political system for one. I am long for that day for China to come as well. However, It is interesting to see how that day will come without meaningful change in China's political system.
@@2812081523 Yeah, in fact China's increasing power and technology with that political system makes it increasingly a huge threat. A nation full of STEM educated, brilliant people with a government that knows throwing their resources to technology to benefit the country... it's going to be interesting what will happen in the next few decades
you can copy but not steal , come visit the US jails and see how many chinese stole US high tech. and these are arrested, how about those not being arrested , how many of them ? no body knows. are you happy when somebody goes into your house stealing something ?
Meng was produced before a Canadian court to defend her case. You may like to view something suitable for your maturity. ua-cam.com/video/NWiGFCAFuHU/v-deo.html
Durian your arrogance is almost as bad as your ignorance.. Donald Trump is making up new laws ad lib to disadvantage Foriegn businesses that in a Global world seem to be surpassing the Greatness of America. You probably also believe that the top Asian graduates from Harvard and Yale are not as smart as the American graduates. Perhaps they stole their degrees 😉
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U are the arrogant one stealing other’s degree. That is why u are a fan of Trump
Constance Yen ...just so you know.... it was a joke about stealing their degrees.... Asians are very smart and motivated. I think Trump is an arrogant rich fool who should not be a president and I am definitely not a fan of Trump
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I an sorry being lack of humor. Thanks to let me know. There are many good people in the world after all
I traveled in China 1992 and 1994. Capability was noticeable. Between 1992 and 1994 I watched 400 kilometers of railway from Mongolia. A double track system constructed in less than 4 years. The energy of the population was noteworthy. The discussion of intellectual property is in reality a better system than now used in the US. Extended protection does indeed reduce both competition and economic growth. I am very impressed with China's progress and the structure of that progress. Writing about the metrics I saw indicating development is far to lengthy to write here. Very good discussion and presentation logic.
we Chinese kept learning from western for the last 40 years, and we continue. Seems very difficult for western to learn something from China, to accept and respect China's rise.
Monopolies can buy people in power in the US, in China it's exactly the reverse, i.e. it's the government that built them. That's the reason why the appetite for innovation is backed up with the financial muscle of the entire country. At the lower rung of the ladder, real competition to innovate is brutal. This is a very good presentation of the reality known as China.
One of the reasons that China has developed so rapidly is because there are so many smart and educated young people like her. Can you imagine giving a talk like that in a foreign language?
The old saying is if you make it in New York, you can make it anywhere, the new saying is if you can make it in China, you can make it anywhere. Dense population yield great competition.
Jin is the daughter of Jin Liqun, President of the Asian Infrastructure Investment Bank (AIIB). The elder Jin is recognised as a top economist in China. He was formerly the Vice Minister of Finance in China and Vice President of the Asian Development Bank.
interessting point for westerners : intellectual property protection is not the best way to promote innovation , I agree that there has been a deviation on this theme in Western Europe. Is it normal to still not find in open access maths books, written physics for schools with public money, between 1900 and 1960?
Read, " AI Superpowers: China, Silicon Valley, and the New World Order AI Superpowers: China, Silicon Valley, and the New World Order" by Kai-Fu Lee it has all the info from this video and more. I read it recently.
not exactly correct. china rural areas have had banking system since 1950s (specifically for peasants), but just not convenient and the process was complicated for peasants to apply for loans. one thing is correct, over protection of IP actually impedes the innovations.
Excellent presentation from a young Chinese intellectual elite who comprehends Western economics. When is she ready to join Chinese's ruling elite, please?
She is implicitly already part of the ruling elite.....That's why she was commanded by these elite rulers to tell the West that China is just as capable as the West regarding innovation.
I can feel the intensity of competition in China as hundreds if not thousands compete in the same market. The only marketing mix they know in China is "Price" And even if you can manage to survive the margin would be very tiny. It would be the horrible place for me to invest . 😱😱😱
it's no different than in west has your phone a replaceable battery? has your product 5 years long guarantee? look at Philips, it's all about this way now lol even German Mercedes is now plastic 😂😂😂
I am a firm believer in genetic IQ based on race. Like the Ashkenazy Jews the Chinese are just smarter than blacks, hispanics, whites and the rest. The Chinese had an advanced civilization 7000 years ago but it has not fully flowered until now for various reasons. It is this simple - when you give really smart and industrious people the freedom to innovate and develop they move ahead of the pack. Also they do not have a vast underclass of "stupids" like the US does. In the US we still have the greatest universities and we also have some top students but Darwin is not mocked and our social engineering will be our downfall.
@@TheWillvoss You guys must be low-class in the US, and never been to abroad, specifically China, you are keeping being fooled by your government and the fake news media.HAHA
in other words, the secret is give the client what he wants and needs, a freely market with less copyrights and more competition, umm that sounds like very capitalistic, we used to be like this, when did we forget about it?
She says that Chinese market protection is not correct. Yet here we are four years later and that is whath the EU & America complain of most. Restricted market access, lack of a level playing field.
Tremendously impressed and persuaded by your clear, fluent and data and facts backed presentation. Proud of you. China has and still needs thousands of wise, brave and learned daughters like you.
Now look at 3 years later. China is in debt for 55% trillion dollars and real estate is dying? Professor Jin believed China would be the new paradigm of a new economy. She now realizes that China is the world's biggest Ponzi scam economy. That's holding a $55 trillion dollar in debt in real estate and overbuilding projects that don't generate revenue. In addition, the government is using the Chinese social and medical services funds to pay off its debts. Even stealing people money insides their own banks. It took US 30 years to realize they have been bamboozled.
Today, china has the 1000 talent program, which is actually the 1000 spies program, where china sends tens of thousands of college spies to US , western universities and business organization to pretend to work as their employees, and send back all the tech they stolen and learn from western companies. It is very evil for china to claim these tech as their own, when in fact it is from western countries. Shameless.
*Chinese competitiveness can be seen everywhere where Chinese do their shopping and eating. You will find endless restaurants, grocery stores, BBQ shops, butcher and fish shops etc competing against each often side and side. The same for shopping centres specialising in electrical or electronic goods, all selling same or similar goods side and side. In Asia, you see competition between retailers everywhere!*
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US Military Has the biggest budget in the world, 3 times more than that of China’s. USA is the biggest war criminal state. USA started close to 30 wars against small and weak countries ever since WW2. USA created millions and millions of refugees and deaths to these countries. Why the kind Americans of democracy allowed their government’s atrocities?
@theGoliath I disagree with you, China is actually already competing with Silicon Valley. This is why the United States had started a trade war with them. There are many tech industries that China has taken the lead over the last 10 years.
@theGoliath have you seen the Huawei Kirin 980 chip? It shows that it's possible to catch up. Also display tech is dominated by the Koreans and Japanese. I also don't agree to your last statement. The world is big enough to be shared not dominated. I would hate to see the chinese view and control the world the way the Americans did.
The main reason is China today produces 4X STEM Graduates And 2 X post graduates than USA does and as far as quality of these graduates is concerned you just have to visit any Top American STEM university and you will find that Asians beat there American classmates hands down.
Any civilization wants to survive, competition is a must. When you are poor in technology, you learn, copy, imitate, then innovate, invent. America did it, so did japan? So did South Korean? Certainly China.
the progress of the belt and road initiative would also be of mild interest ,how the rural chinese people are handling the devastating floods caused by the three gorges dam ,and how they are handling an extreme lack of coal imports for industry ,home heating etc
She made little real example of case study on this subject just a over blanket statement about her Chinese innovation talk. Nothing substantive unfortunately. Most of the digital innovations are made for Chinese market that nobody outside can use
Pchi dung, may be you are a racist ,but do not expect the people to believe you ...The reality is the vice versa, since the time of Marco Polo ..The Europeans, have been stealing all the technology and culture of Asia, China ,Africa and Latin America (porcellain, silk,textile technology, food technology, iron and steel technology are only few examples the Marco Polo and Vatican missionary robber gangs had stolen but they never admitted refrring their civilization to ancient Greece -!!-)
@@ergunoz184 So that you explained why Chinese give the priviledge to themselve to pirate, steal, and rob from the world? Believe me or not it is true. It's a daily reality not depending on who I am, a racist as you said or not. Don't be ashamed if you are a Chinese.
@@PHANCHI496 You clearly know nothing about technology. Theft is a misconception becasue America is not playing fair. Every Chinese companies have created are from open source ideas. That's like saying I patented planes with wing...when any idiot knows a plane has wings. Music is a great example of how the technology works. There's a lot of bands which play pop (and rock) music, always have and always will be. Does every band have to pay the Beatles for playing pop/rock music because the Beatles played it first? No. That is not theft. So does that mean other musicians can't create their own genre of music? No. Of course, they can. Then why do they choose to play pop or rock music? Because its popular and makes money. And because of market saturation. Wikipedia does not know everything or speak for the thousands of immigrants that work for these "American" companies. Take a look at the Huawei case for example. HiSilicon actually developed their own processor in 2003 and tried to sell it to Motorola or $7.5 billion dollars. This was not reported but it was before the iPhone revolution. Meaning if Motorola bought it, they could have been the one starting that revolution and another American company would have been credited for doing so not a Chinese one. Motorola turned around and sued Huawei...see how that works? So who stole from who you think? Huawei continued to produce Android and ARM processors because it can and now they have been banned for so call IP theft. The truth has come out and now they are launching their own processors and own OS. None of which were stolen.
@@PHANCHI496 What I'm saying is that just because you invented something first doesn't mean others can't invent the same thing. What China is doing isn't theft. They are just creating their own software and hardware based on learnt knowledge that already exists largely because it is easier to do so and also for compatibility reasons. There was no theft.
American stole Germany from his scientist by force and crook write operation paperclip. See you can shut up now. USA are the greatest thief but they won ww2 so it's their loot.
@@davidhynes If Huawei's product leaves any insecurity bug, as the day it's been found, it's been a start of a dead end day. Why US boycott Huawei? cause, 5G infrastructure from Huawei makes FBI could not spy US' allies and foes any more, not like Cisco
Suggestion to Americans entering high school - In lieu of learning Spanish and/or French, I recommend you consider learning Mandarin Chinese. Demand your high school offers Mandarin Chinese language in its curriculum because it's going to give you a leg up in your career. Skate towards where the puck is going to be.
what a big yawn. sure when you have an unquestioned central power with an unique opportunity in history with developed nation's economies facing maturation and stagnation, you get unparalleled growth and transfer of wealth. this is all an ongoing experiment and how it all develops is largely unknown at this time.
Its not an ongoing experiment. Many of China's statesmen were trained in Singapore. Singapore may be democratic, it also uses alot of pragmatic authoritarian approach to good governance. China maybe be different, but alot of what it does is not unknown or unexplained. At least the Chinese leader know what they are doing and are doing it with high precision.
@@skychaos87 It matters little where they were educated or trained when confronted with the fact that no nation has ever achieved economic growth to the levels that China is on path to achieve without having political diversification. Its a simple fact that as people get richer they want their interests protected. We shall see how this plays out. China indeed may be the very first to achieve economic prosperity and political harmony.
@@robertblue3795 That's true, following Maslow's hierarchy of needs, people do aim for higher needs when they secure their basic needs through prosperity. We'll see how that play out indeed. There are people who say China will become democratic, others would say China will have its own new model. I lean towards the later, judging from China's long history of civilization, its culture wasn't broken by the century of humiliation, its not going to be broken by a weakening western power today.
@@skychaos87 Clearly the bet is that the future is uncertain measured by the actions of the affluent in China. If I were mainland Chinese and had the means, I would certainly have a second passport and have a good part of my wealth overseas.
If Japan and South Korea can do well in technology and innovation, why can’t China, an East Asian ctry and was once the cultural mother of these 2 ctries?I am rather surprised India didn’t do as well as China in technology and innovation sector.India had very good talents as seen from many CEOs in big foreign cooperation, such as Google . India has cheap labour and a big population base , but just couldn’t have the political leadership as China. Wasted.
Being CEO has more to do with management and communication skills, and English ability. Indians are more apt in English, as Indian languages and English share the same root from Indo-European family. It's much harder for East Asians, hence, limited opportunity in English speaking firm. India has big population, but low literacy rate and poor education standard. The elite are smart, but masses are not. India ranked 2nd last in international PISA test, which measures high school maths and reading. And no Indian university ranked in top 200 of the world. Political leadership isn't to be blamed, it's the local govt. India is a union of many different nations, like EU. Every state is like a country, has its own educational board, set its own curriculum.
I want to laugh when she said that the Chinese financial system is a mess (frame 16:30). In China everyone who owns a house has a mortgage through banks which conduct vigorous background checks. Car loans too go through banks. That is at least 90% of personal financial activities. If Chinese financial system is a mess then what do you call the American one which blew up in 2008?
Unfortunately China has a command economy ( communist, remember?) and so their rules are specific to them. Let us too, remember where they acquired much of their technical "prowess", and HOW.
I don't think Chinese companies are ready to expand into outside the world, not only they do have international skills, but also there is no friendly environment.
All this has some truth to it. But the risk of bad policy and leadership may leave societies far behind once again, if leadership is not keen on cutting edge current changes and developments. Today, the stakes, and inequality, are higher than ever. One wrong move ... like banning digital currency, will leave the masses, once again, hopeless and impoverished for generations to come.
this comparison is no-sense, which took me back 6 years ago. lots of the examples are old~ you guys know what I mean. just old information comes from ancient IT time.
I look forward to a western professor's presentation entitled "What can China learn from others regarding Human Rights?" Regarding, the claims of "innovation" of these Unicorn companies, simply having a gigantic market doesn't equate to innovation. Not the same thing.
I, too, look forward to a western professor’s presentation on “What China can learn from the West to solve the homeless, drug abuse, hate crime, mass shooting, and zero-dollar purchase problems. These are human rights issues too. Market size does not equal to innovation? The most popular app in the U.S. is Tik Tok, which is why the U.S. Congress wants to ban it.
"For all those people when thought the Chinese people were just innovating, they were actually coming up with new ideas" previously showed US software companies they copied & put together into one app. Combining apps is not creating anything new, but it is convenient.
True. Like a mega-aggregator... or maybe the walmart of platforms. Convenient on the one hand, but at what cost to healthy competition and free markets?
Man from Nantucket Competition? There is none that could go up against Tencent, it’s services are reliable, interlinked, backed by the state and cheaper than all other alternatives. The company creates internal competition where two seperate branches of the company independent from each other, compete in the same industry to keep innovating. Pubg mobile has two versions in China made by two different studios owned by Tencent. Tencent pay under the QQ branch is competing with WeChat pay. Tencent is literally in every sector of society. “search engine, e-commerce, retail, video gaming, real estate, software, virtual reality, ride-sharing, banking, financial services, fintech, consumer technology, computer technology, automobile, film production, movie ticketing, music production, space technology, natural resources, smartphones, big data, agriculture, medical services, cloud computing, social media, IT, advertising, streaming media, artificial intelligence, robotics, UAVs, food delivery, courier services, e-book, internet services, education and renewable energy” source Wikipedia
One problem in starting a business in China is that you have to hand over all your intellectual property, and within a short time they most likely will have found a way around any copyright you may have found that your efforts are totally wasted. The CCP has access to any info they wish to investigate, there is nothing their Govt cannot find out.
She did not touch on the education which lays the foundation for all these to happen, the abundance of scientists and engineers, highly capable and hardworking are able to make anything possible, copy ideas when they were behind and innovate when they are at the forefront with the mass Chinese market to test out their products and become the leaders in the world. Not exactly a recipe any other country can easily copy. If Japan or South Korea had the massive market as China, they would have been successful to achieve way more too as they share almost everything else as in China!
Japan & S Korea had the USA market open to them, as they have been American allies & supporters. They also received technology transfer from the USA initially.
Alibaba lends naive young people huge amount of money with high interest without checking their background and many youth use that money for gambling. Some poor parents have to sell their residences to pay the debts for them.
Very shallow and 1-dimensional observations and insights backed up by nothing but anecdotal examples which forms her own impression of what's really going on in China. None of the "slightly insightful" points are presented by data. There are so many things she mentioned that can be easily challenged. Disappointing even played at 1.5x speed.
This speaker is called "Keyu Jin" in the caption, just like millions of other Asians' names. Why don't western media call Chinese leaders "Zedong Mao", "Xiaoping Deng", "Jinping Xi" etc? Why the different conventions?
No biases but a little fact.....She is from Beijing. Her family background must be strong, high ranking officials in communist party. If she graduated from Harvard with a BS, MS, and PhD , and she started her study in early 2000, that was easier in that period of time with donations to school. Why does she not stay and has a tenure in a top university in the US ?? She is just another voice from the Communist party from China to protect their personal and party’s interests. More importantly, America needs to continue to lead or would be left behind , like what happened to the automobile industry in America .
at 3:56 she says that sending the police in to arrest your competition's CEO is 'how competition works'....is she in any way serious? I think she is mixing up 2 'c' words......
The win is decided by the truth that Chinese are practical in regard to acquire fortune and self sustain to manage it going handling such a huge body of population carrier. Sensitive though just imagine China would have been one of thouse falling countries such as Greek Syria.etc. using a wrong domestic policy while it runs pretty well as a population burdened nation. Yes or no this is just the reality that deserves a decent looking at China again from a reasonable and object view. I am deeply impressed by their religious way respecting Common Sense that has been loosing its way in western world.
On the one hand, China is a leading example for all the states that are in need of catching up - (especially the ones who still harbour paranoid views about globalisation being a veiled imperialism - which only hinders them from receiving the help and know-how of advanced economies) - there’s nothing wrong with imitating other peoples’ successes. You don’t watch a man build a house and go “nah, that’s not for me. I’ll just sit here and be eaten up by a bear”. On the other hand, China is still a dystopian rathole - and so they should consider changing that if they wish to gain any sort of ‘soft power’. I’m only here because Martin Wolf cited her on the FT. The view he cited is sound -albeit overestimated - China lacks much more than what technology can bring about.
Many people say that innovation is because society has innovative thinking. I don't think this is true. Innovation is a market behavior. In a free market, if innovation is profitable, the bigger the profit, the more innovation, the more you will find, whether it is China, the former US, Germany, or Japan, when the economy begins, they are accused of the country ahead of time. , pirates, replicators, ridiculed that they have no ability to innovate, but when their level of economic development is close to developed countries, the explosive growth of innovation capabilities, because when their technology and management level and productivity lag behind developed countries, as long as learning and imitation, With the experience of advanced countries, you can get enough profits without having to innovate. When their technological level catches up with developed countries and hopes that the economy will continue to grow, but no advanced country can learn, this society will turn to innovation, so innovation cannot learn. Innovation is an economic behavior under the free market. Innovative society means that innovation can bring about a profit society.
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
I don't believe innovation is limited to any country or race. anyone can innovate. however the chinese are really independent and hardworking people. I salute them.
NB you are a Chinese yourself.
自己夸奖自己 脸皮这么厚的??
Jamie C. YW 就你能，装逼
@@JamieCYW He literally said "not limited to any race" and you ended up talking about his race.... lol I do think he has a better point than your petty one.
The four most important inventions(black powder, compass, printing & paper making) are from the Chinese.
I'm no doubt they are very smart peoples.
Also according to research, they also have higher IQ than the rest.
Every country copied.
But unfortunately when the Chinese doing it. There are youtube to broadcast it.
NB yea, they can steal intellectual property with the best of them.
Younger generation of Chinese are getting better educated now , they tend to be much technology and mathematically savvy, we can learn from them too.
@Pub Comrad You also can learn from them how to cheat and still. Huawei stole the G5 tech from US and becomes so powerful. Best thief wins.
Bill Gates once famously said: "Well, Steve, I think there’s more than one way of looking at it. I think it’s more like we both had this rich neighbor named Xerox and I broke into his house to steal the TV set and found out that you had already stolen it.” 👍😁
@@flowertay7383 well said, until now US still did not own 5G tech. It is all HUAWEI' fault, they use time travel machine to steal USA' s future 5g tech
To be an innovator you got to be a imitator first. Without understanding the existing system, how can you innovate a new and better one?
Not necessary, definitely you are not innovative enough 😎
Nope, not necessarily.
Every student start out their life as an imitator.
@@mikewonghongkee4480 you imitated your teachers in order to learn English.
Historically speaking, China always was the leader or superpower in last 1800 years, and it was left behind only in the recent 200 years. So the US should not get surprised that China becomes the superpower again in the near future.
This is 2020, August. The CCP is under fire by the whole world for releasing the virus called CCP virus, courtesy of the maker, and the world is in great trouble because of this virus. This is the super power you are talking about. Maybe you have to change your mind about this concept, unless you are one of the CCP or its 50 cents army.
@@batute3948
No wonder the west is left behind as sour grapes becos they are negative and hateful behaviour.
@@batute3948dumb comment
Japan used to copy as well then once they surpassed the West they began to innovate. Same now with China, Korea and it's really great to see.
Japan and Korea are indeed good example. What do Japan and Korea have in common? Political system for one. I am long for that day for China to come as well. However, It is interesting to see how that day will come without meaningful change in China's political system.
@@2812081523 Yeah, in fact China's increasing power and technology with that political system makes it increasingly a huge threat. A nation full of STEM educated, brilliant people with a government that knows throwing their resources to technology to benefit the country... it's going to be interesting what will happen in the next few decades
you can copy but not steal , come visit the US jails and see how many chinese stole US high tech. and these are arrested, how about those not being arrested , how many of them ? no body knows. are you happy when somebody goes into your house stealing something ?
@@dannychoo5529 US is moving towards new McKarthyism. Do not take that as an example.
Comparing Japan to China,is like comparing Germany to Romania!!
She's great! Reasonable, transparent, fairness.. Well spoken! 💯
And beautiful!
@@peterchambers3563 most definitely..
and the main cause of covid 19
In the US the trend is less competition...so no wonder lesser innovation
look at Apple
USA also illegally kidnapped a young lady from Huawei as a hostage in order to obtain money and 5G technology
Meng was produced before a Canadian court to defend her case. You may like to view something suitable for your maturity.
ua-cam.com/video/NWiGFCAFuHU/v-deo.html
Durian your arrogance is almost as bad as your ignorance.. Donald Trump is making up new laws ad lib to disadvantage Foriegn businesses that in a Global world seem to be surpassing the Greatness of America. You probably also believe that the top Asian graduates from Harvard and Yale are not as smart as the American graduates. Perhaps they stole their degrees 😉
U are the arrogant one stealing other’s degree. That is why u are a fan of Trump
Constance Yen ...just so you know.... it was a joke about stealing their degrees.... Asians are very smart and motivated. I think Trump is an arrogant rich fool who should not be a president and I am definitely not a fan of Trump
I an sorry being lack of humor. Thanks to let me know. There are many good people in the world after all
Competitions in China are very brutal !
Brutal and savage she said.
Yes very brutal... View 3kingdom movie in you tube
@@orangutan324 OH.....I missed to put the word savage.
@@yang5159 Yes, the War of Three Kingdoms or any kind of war is brutal and savage.
competing with 1.4 billion people is no joke.
I traveled in China 1992 and 1994. Capability was noticeable. Between 1992 and 1994 I watched 400 kilometers of railway from Mongolia. A double track system constructed in less than 4 years. The energy of the population was noteworthy. The discussion of intellectual property is in reality a better system than now used in the US. Extended protection does indeed reduce both competition and economic growth. I am very impressed with China's progress and the structure of that progress. Writing about the metrics I saw indicating development is far to lengthy to write here. Very good discussion and presentation logic.
Copy? Only low tech can be copied. High tech you have to be high intelligent. Have capability and capacity
She is so young yet so intellectual
Even at education level, competition is also brutal. If you can survive in a top school, you can survive any where.
we Chinese kept learning from western for the last 40 years, and we continue. Seems very difficult for western to learn something from China, to accept and respect China's rise.
By Jove, she is so talented and speaks so well !!!
Keyu, your eloquence and beauty make Chinese people very proud of you!
Monopolies can buy people in power in the US, in China it's exactly the reverse, i.e. it's the government that built them. That's the reason why the appetite for innovation is backed up with the financial muscle of the entire country. At the lower rung of the ladder, real competition to innovate is brutal. This is a very good presentation of the reality known as China.
One of the reasons that China has developed so rapidly is because there are so many smart and educated young people like her. Can you imagine giving a talk like that in a foreign language?
The old saying is if you make it in New York, you can make it anywhere, the new saying is if you can make it in China, you can make it anywhere. Dense population yield great competition.
She is a really smooth speaker.
Don’t believe anyone that says you have follow this model or that model...let it be.
I wish she can dive deeper into the subject, although quite a lot ideas presented here are already against what media portrait of China
I think what you mean is what Western Media Portray China...
Jin is the daughter of Jin Liqun, President of the Asian Infrastructure Investment Bank (AIIB). The elder Jin is recognised as a top economist in China. He was formerly the Vice Minister of Finance in China and Vice President of the Asian Development Bank.
interessting point for westerners : intellectual property protection is not the best way to promote innovation ,
I agree that there has been a deviation on this theme in Western Europe.
Is it normal to still not find in open access maths books, written physics for schools with public money, between 1900 and 1960?
Read, " AI Superpowers: China, Silicon Valley, and the New World Order AI Superpowers: China, Silicon Valley, and the New World Order" by Kai-Fu Lee it has all the info from this video and more. I read it recently.
is the video mention about chinese steal and steal and steal american high tech ? ? ?
not exactly correct. china rural areas have had banking system since 1950s (specifically for peasants), but just not convenient and the process was complicated for peasants to apply for loans. one thing is correct, over protection of IP actually impedes the innovations.
i agree she is misleading people
Excellent presentation from a young Chinese intellectual elite who comprehends Western economics. When is she ready to join Chinese's ruling elite, please?
u can only make one choice between business and politics. u can't gain both in China.
She is an Associate Prof at the London School of Economics.UK
She is implicitly already part of the ruling elite.....That's why she was commanded by these elite rulers to tell the West that China is just as capable as the West regarding innovation.
Do you guys know who's her father? ----Founder of AIIB
thanks for the info.
Liqun Jin’s daughter.
No wonder she is so smart
I can feel the intensity of competition in China as hundreds if not thousands compete in the same market.
The only marketing mix they know in China is "Price" And even if you can manage to survive the margin would be very tiny.
It would be the horrible place for me to invest . 😱😱😱
In that massive scale of competition in a platform market, all you need to do is survive or die.
it's no different than in west
has your phone a replaceable battery?
has your product 5 years long guarantee?
look at Philips, it's all about this way now lol
even German Mercedes is now plastic 😂😂😂
April 2020. How do these arguments hold up now?
Notice how it is said "extraterritorial" not extraterrestrial.
hahaha
hmmmm
Spot on. She's just reading off a script without even thinking
The Chinese cannot think they have no ideas innovation creativity and no entrepreneurial drive
I am a firm believer in genetic IQ based on race. Like the Ashkenazy Jews the Chinese are just smarter than blacks, hispanics, whites and the rest. The Chinese had an advanced civilization 7000 years ago but it has not fully flowered until now for various reasons. It is this simple - when you give really smart and industrious people the freedom to innovate and develop they move ahead of the pack. Also they do not have a vast underclass of "stupids" like the US does. In the US we still have the greatest universities and we also have some top students but Darwin is not mocked and our social engineering will be our downfall.
Can you access youtube in china without vpn?
Not currently. (For the past 10 years)
Why have to UA-cam, bro, you are a frog in a well
@@李斯基-i7y and youre an alf pog slammer in a donatello lunch box.
@@李斯基-i7y A capo in a trombone case.
@@TheWillvoss You guys must be low-class in the US, and never been to abroad, specifically China, you are keeping being fooled by your government and the fake news media.HAHA
OLD MAN CAN"t Let the Cool Kids Win
in other words, the secret is give the client what he wants and needs, a freely market with less copyrights and more competition, umm that sounds like very capitalistic, we used to be like this, when did we forget about it?
She says that Chinese market protection is not correct. Yet here we are four years later and that is whath the EU & America complain of most. Restricted market access, lack of a level playing field.
Tremendously impressed and persuaded by your clear, fluent and data and facts backed presentation. Proud of you. China has and still needs thousands of wise, brave and learned daughters like you.
Now look at 3 years later. China is in debt for 55% trillion dollars and real estate is dying?
Professor Jin believed China would be the new paradigm of a new economy. She now realizes that China is the world's biggest Ponzi scam economy. That's holding a $55 trillion dollar in debt in real estate and overbuilding projects that don't generate revenue.
In addition, the government is using the Chinese social and medical services funds to pay off its debts.
Even stealing people money insides their own banks.
It took US 30 years to realize they have been bamboozled.
Today, china has the 1000 talent program, which is actually the 1000 spies program, where china sends tens of thousands of college spies to US , western universities and business organization to pretend to work as their employees, and send back all the tech they stolen and learn from western companies. It is very evil for china to claim these tech as their own, when in fact it is from western countries. Shameless.
"brave"?
A smarter, beautiful, young professor. Her points make a lot of sense.
imagine each Chinese has the spending power equivalent of 40% of the US counterpart.
Innovation in terms of business models is so much different from technology innovation. The former was mostly called localization.
*Chinese competitiveness can be seen everywhere where Chinese do their shopping and eating. You will find endless restaurants, grocery stores, BBQ shops, butcher and fish shops etc competing against each often side and side. The same for shopping centres specialising in electrical or electronic goods, all selling same or similar goods side and side. In Asia, you see competition between retailers everywhere!*
US Military Has the biggest budget in the world, 3 times more than that of China’s. USA is the biggest war criminal state. USA started close to 30 wars against small and weak countries ever since WW2. USA created millions and millions of refugees and deaths to these countries. Why the kind Americans of democracy allowed their government’s atrocities?
I think I am in love, haha. Always enjoyed the company of an attractive, intelligent woman. You go, girl!
Useful tool
This video should attract more viewers.
@theGoliath I disagree with you, China is actually already competing with Silicon Valley. This is why the United States had started a trade war with them. There are many tech industries that China has taken the lead over the last 10 years.
If the title was negative about China, it would attract a lot more viewers.
As soon as PLA can create a jet engine for their J-20 "stealth" fighter.
@theGoliath have you seen the Huawei Kirin 980 chip? It shows that it's possible to catch up. Also display tech is dominated by the Koreans and Japanese. I also don't agree to your last statement. The world is big enough to be shared not dominated. I would hate to see the chinese view and control the world the way the Americans did.
The main reason is China today produces 4X STEM Graduates And 2 X post graduates than USA does and as far as quality of these graduates is concerned you just have to visit any Top American STEM university and you will find that Asians beat there American classmates hands down.
Any civilization wants to survive, competition is a must. When you are poor in technology, you learn, copy, imitate, then innovate, invent. America did it, so did japan? So did South Korean? Certainly China.
the progress of the belt and road initiative would also be of mild interest ,how the rural chinese people are handling the devastating floods caused by the three gorges dam ,and how they are handling an extreme lack of coal imports for industry ,home heating etc
Charming lady
Good Content!
She made little real example of case study on this subject just a over blanket statement about her Chinese innovation talk. Nothing substantive unfortunately. Most of the digital innovations are made for Chinese market that nobody outside can use
J K Well yes good enough for the Chinese market
这位就是亚投行aiib行长金立群的女儿吗
金刻羽
Yes
是. 英语 法语 中文,
@@mydad4332 金克玉
Papa did well, became top honcho of AIIB & daughter in LSE...👍🏽✌️✊🏾
It seems like Chinese is the greatest pirate and thief at the same time in this world. So proud.
Pchi dung, may be you are a racist ,but do not expect the people to believe you ...The reality is the vice versa, since the time of Marco Polo ..The Europeans, have been stealing all the technology and culture of Asia, China ,Africa and Latin America (porcellain, silk,textile technology, food technology, iron and steel technology are only few examples the Marco Polo and Vatican missionary robber gangs had stolen but they never admitted refrring their civilization to ancient Greece -!!-)
@@ergunoz184 So that you explained why Chinese give the priviledge to themselve to pirate, steal, and rob from the world? Believe me or not it is true. It's a daily reality not depending on who I am, a racist as you said or not. Don't be ashamed if you are a Chinese.
@@PHANCHI496 You clearly know nothing about technology. Theft is a misconception becasue America is not playing fair.
Every Chinese companies have created are from open source ideas.
That's like saying I patented planes with wing...when any idiot knows a plane has wings.
Music is a great example of how the technology works.
There's a lot of bands which play pop (and rock) music, always have and always will be.
Does every band have to pay the Beatles for playing pop/rock music because the Beatles played it first?
No. That is not theft.
So does that mean other musicians can't create their own genre of music?
No. Of course, they can.
Then why do they choose to play pop or rock music?
Because its popular and makes money. And because of market saturation.
Wikipedia does not know everything or speak for the thousands of immigrants that work for these "American" companies.
Take a look at the Huawei case for example. HiSilicon actually developed their own processor in 2003 and tried to sell it to Motorola or $7.5 billion dollars. This was not reported but it was before the iPhone revolution.
Meaning if Motorola bought it, they could have been the one starting that revolution and another American company would have been credited for doing so not a Chinese one.
Motorola turned around and sued Huawei...see how that works?
So who stole from who you think?
Huawei continued to produce Android and ARM processors because it can and now they have been banned for so call IP theft.
The truth has come out and now they are launching their own processors and own OS. None of which were stolen.
@@PHANCHI496 What I'm saying is that just because you invented something first doesn't mean others can't invent the same thing.
What China is doing isn't theft.
They are just creating their own software and hardware based on learnt knowledge that already exists largely because it is easier to do so and also for compatibility reasons.
There was no theft.
American stole Germany from his scientist by force and crook write operation paperclip. See you can shut up now. USA are the greatest thief but they won ww2 so it's their loot.
Really well made presentation!
She works for Hauwei. Another spy.
@@davidhynes
If Huawei's product leaves any insecurity bug, as the day it's been found, it's been a start of a dead end day.
Why US boycott Huawei? cause, 5G infrastructure from Huawei makes FBI could not spy US' allies and foes any more, not like Cisco
@@davidhynes facts
@@davidhynes dont pretend that you are not brainwashed
Suggestion to Americans entering high school - In lieu of learning Spanish and/or French, I recommend you consider learning Mandarin Chinese. Demand your high school offers Mandarin Chinese language in its curriculum because it's going to give you a leg up in your career. Skate towards where the puck is going to be.
We said this about Japanise copy of us in the 1960s and look at them now.
We said this about American copy of British in the 19th century and look at them now.
@@mydad4332 nice come back. Lol.
blue runner is democratic copy called copy?
When water flows it needs no Xanadu. Build bowls to catch rainwater for birds 🐦
what a big yawn. sure when you have an unquestioned central power with an unique opportunity in history with developed nation's economies facing maturation and stagnation, you get unparalleled growth and transfer of wealth. this is all an ongoing experiment and how it all develops is largely unknown at this time.
Its not an ongoing experiment. Many of China's statesmen were trained in Singapore. Singapore may be democratic, it also uses alot of pragmatic authoritarian approach to good governance. China maybe be different, but alot of what it does is not unknown or unexplained. At least the Chinese leader know what they are doing and are doing it with high precision.
@@skychaos87 It matters little where they were educated or trained when confronted with the fact that no nation has ever achieved economic growth to the levels that China is on path to achieve without having political diversification. Its a simple fact that as people get richer they want their interests protected. We shall see how this plays out. China indeed may be the very first to achieve economic prosperity and political harmony.
@@robertblue3795 That's true, following Maslow's hierarchy of needs, people do aim for higher needs when they secure their basic needs through prosperity. We'll see how that play out indeed. There are people who say China will become democratic, others would say China will have its own new model. I lean towards the later, judging from China's long history of civilization, its culture wasn't broken by the century of humiliation, its not going to be broken by a weakening western power today.
@@skychaos87 Clearly the bet is that the future is uncertain measured by the actions of the affluent in China. If I were mainland Chinese and had the means, I would certainly have a second passport and have a good part of my wealth overseas.
If Japan and South Korea can do well in technology and innovation, why can’t China, an East Asian ctry and was once the cultural mother of these 2 ctries?I am rather surprised India didn’t do as well as China in technology and innovation sector.India had very good talents as seen from many CEOs in big foreign cooperation, such as Google . India has cheap labour and a big population base , but just couldn’t have the political leadership as China. Wasted.
Being CEO has more to do with management and communication skills, and English ability. Indians are more apt in English, as Indian languages and English share the same root from Indo-European family. It's much harder for East Asians, hence, limited opportunity in English speaking firm.
India has big population, but low literacy rate and poor education standard. The elite are smart, but masses are not. India ranked 2nd last in international PISA test, which measures high school maths and reading. And no Indian university ranked in top 200 of the world.
Political leadership isn't to be blamed, it's the local govt. India is a union of many different nations, like EU. Every state is like a country, has its own educational board, set its own curriculum.
I want to laugh when she said that the Chinese financial system is a mess (frame 16:30). In China everyone who owns a house has a mortgage through banks which conduct vigorous background checks. Car loans too go through banks. That is at least 90% of personal financial activities. If Chinese financial system is a mess then what do you call the American one which blew up in 2008?
Unfortunately China has a command economy ( communist, remember?) and so their rules are specific to them. Let us too, remember where they acquired much of their technical "prowess", and HOW.
I doubt you know anything about Chinese version of communist? have you been China?
Well usa isn't better taking the German scientists after ww2 with some "incitation".
@@lhfy49tube I have been to china,. how come i cant get on youtube without a vpn? what do you people use to come on youtube?
China is not a Communist society. China is still on the primary stage of socialism.
Yes that's how huawei stole the 5G technology the US never had, ha-ha
Chinese innovate is moving ahead of the western
小金加油, 做为一名中国人, 我为你感到自豪！😍
Where are the down votes Wired? Educate yourselves people or propaganda like this will do it for you. Nullius in verba.
Y China always try to compare with US. I didn't find any US speaker who try to compare them with China..waths that mean?
Deep Mind, the UK AI company bought by Google, the lead programmer is an Asian, a Taiwanese to be exact.
Chinese patenting is fit for purpose in a fast moving progressive market. The West should adopt it
Just wondering.
She is a rising star in the global economic platform.
She is paid by the CCP.
I don't think Chinese companies are ready to expand into outside the world, not only they do have international skills, but also there is no friendly environment.
Number one :fully master of herself-very convincing-she"s through through....
If something is free that it's gonna be a good thing in any culture.
All this has some truth to it. But the risk of bad policy and leadership may leave societies far behind once again, if leadership is not keen on cutting edge current changes and developments. Today, the stakes, and inequality, are higher than ever. One wrong move ... like banning digital currency, will leave the masses, once again, hopeless and impoverished for generations to come.
6:36 I think she meant to say "imitating"
All countries starts from imitation/imitating others then develop.
All living things and humans imitate to develop/evo further.
this comparison is no-sense, which took me back 6 years ago. lots of the examples are old~ you guys know what I mean. just old information comes from ancient IT time.
I look forward to a western professor's presentation entitled "What can China learn from others regarding Human Rights?" Regarding, the claims of "innovation" of these Unicorn companies, simply having a gigantic market doesn't equate to innovation. Not the same thing.
I, too, look forward to a western professor’s presentation on “What China can learn from the West to solve the homeless, drug abuse, hate crime, mass shooting, and zero-dollar purchase problems. These are human rights issues too. Market size does not equal to innovation? The most popular app in the U.S. is Tik Tok, which is why the U.S. Congress wants to ban it.
In the capitalist world, human rights are for haves and some creamy layers of societies.
EASY ON THE EYE TOO ! HUBAHUBA !
This is called “life is race” if you can’t run enough to bet other, you will left behind .
Is Airbus copy of Boeing?
"For all those people when thought the Chinese people were just innovating, they were actually coming up with new ideas" previously showed US software companies they copied & put together into one app. Combining apps is not creating anything new, but it is convenient.
True. Like a mega-aggregator... or maybe the walmart of platforms. Convenient on the one hand, but at what cost to healthy competition and free markets?
Man from Nantucket Competition? There is none that could go up against Tencent, it’s services are reliable, interlinked, backed by the state and cheaper than all other alternatives. The company creates internal competition where two seperate branches of the company independent from each other, compete in the same industry to keep innovating. Pubg mobile has two versions in China made by two different studios owned by Tencent. Tencent pay under the QQ branch is competing with WeChat pay. Tencent is literally in every sector of society. “search engine, e-commerce, retail, video gaming, real estate, software, virtual reality, ride-sharing, banking, financial services, fintech, consumer technology, computer technology, automobile, film production, movie ticketing, music production, space technology, natural resources, smartphones, big data, agriculture, medical services, cloud computing, social media, IT, advertising, streaming media, artificial intelligence, robotics, UAVs, food delivery, courier services, e-book, internet services, education and renewable energy” source Wikipedia
One problem in starting a business in China is that you have to hand over all your intellectual property, and within a short time they most likely will have found a way around any copyright you may have found that your efforts are totally wasted. The CCP has access to any info they wish to investigate, there is nothing their Govt cannot find out.
Extraterrestrial she meant.
China should train more outstanding people to speak internationally, communicate with Westerners, and reduce misunderstandings.
WHAT INNOVATION? Lateral thinking is required for creativity.
good work
She is brilliance
China has banking system ,but not credit system like we do in North America.
She did not touch on the education which lays the foundation for all these to happen, the abundance of scientists and engineers, highly capable and hardworking are able to make anything possible, copy ideas when they were behind and innovate when they are at the forefront with the mass Chinese market to test out their products and become the leaders in the world. Not exactly a recipe any other country can easily copy. If Japan or South Korea had the massive market as China, they would have been successful to achieve way more too as they share almost everything else as in China!
Japan & S Korea had the USA market open to them, as they have been American allies & supporters. They also received technology transfer from the USA initially.
Alibaba lends naive young people huge amount of money with high interest without checking their background and many youth use that money for gambling. Some poor parents have to sell their residences to pay the debts for them.
Very shallow and 1-dimensional observations and insights backed up by nothing but anecdotal examples which forms her own impression of what's really going on in China. None of the "slightly insightful" points are presented by data. There are so many things she mentioned that can be easily challenged. Disappointing even played at 1.5x speed.
This speaker is called "Keyu Jin" in the caption, just like millions of other Asians' names. Why don't western media call Chinese leaders "Zedong Mao", "Xiaoping Deng", "Jinping Xi" etc? Why the different conventions?
No biases but a little fact.....She is from Beijing. Her family background must be strong, high ranking officials in communist party. If she graduated from Harvard with a BS, MS, and PhD , and she started her study in early 2000, that was easier in that period of time with donations to school.
Why does she not stay and has a tenure in a top university in the US ??
She is just another voice from the Communist party from China to protect their personal and party’s interests.
More importantly, America needs to continue to lead or would be left behind , like what happened to the automobile industry in America .
Everybody becomes equal online.
People live in censorship regime get less.
at 3:56 she says that sending the police in to arrest your competition's CEO is 'how competition works'....is she in any way serious? I think she is mixing up 2 'c' words......
Jin ❤️
No matter how high you fly or how good your tech is, your government is holding a rope to everything you guys have.
How about the US? Does the US government not hold a rope to everything the US citizens have?
The win is decided by the truth that Chinese are practical in regard to acquire fortune and self sustain to manage it going handling such a huge body of population carrier. Sensitive though just imagine China would have been one of thouse falling countries such as Greek Syria.etc. using a wrong domestic policy while it runs pretty well as a population burdened nation. Yes or no this is just the reality that deserves a decent looking at China again from a reasonable and object view. I am deeply impressed by their religious way respecting Common Sense that has been loosing its way in western world.
You are good Ms. Jin
On the one hand, China is a leading example for all the states that are in need of catching up - (especially the ones who still harbour paranoid views about globalisation being a veiled imperialism - which only hinders them from receiving the help and know-how of advanced economies) - there’s nothing wrong with imitating other peoples’ successes. You don’t watch a man build a house and go “nah, that’s not for me. I’ll just sit here and be eaten up by a bear”.
On the other hand, China is still a dystopian rathole - and so they should consider changing that if they wish to gain any sort of ‘soft power’.
I’m only here because Martin Wolf cited her on the FT. The view he cited is sound -albeit overestimated - China lacks much more than what technology can bring about.
Many people say that innovation is because society has innovative thinking. I don't think this is true. Innovation is a market behavior. In a free market, if innovation is profitable, the bigger the profit, the more innovation, the more you will find, whether it is China, the former US, Germany, or Japan, when the economy begins, they are accused of the country ahead of time. , pirates, replicators, ridiculed that they have no ability to innovate, but when their level of economic development is close to developed countries, the explosive growth of innovation capabilities, because when their technology and management level and productivity lag behind developed countries, as long as learning and imitation, With the experience of advanced countries, you can get enough profits without having to innovate. When their technological level catches up with developed countries and hopes that the economy will continue to grow, but no advanced country can learn, this society will turn to innovation, so innovation cannot learn. Innovation is an economic behavior under the free market. Innovative society means that innovation can bring about a profit society.