China Greater Bay Area Economic Development
“Now the Chinese government has outlined its plans to unite what it calls the Greater Bay Area into a giant megalopolis, and transform it into a high-tech center that could rival California’s Silicon Valley and Japan’s Tokyo Bay.”
How Education Outcomes Drive Economic Performance
In measuring performance in education, societies often mistakenly focus on inputs rather than outcomes. It’s common to erroneously measure success by counting the resources devoted to it. But expenditures do not equal success. Indeed, societies would like to spend – for an equivalent outcome – as little as possible.
via INSEAD Knowledge
China: Why Shanzhai is Faster Than Silicon Valley
“A product that took 12 to 18 months for a Western company to bring to market might take only four to six weeks within the Shanzhai ecosystem. It was common for Western companies that announced a new gadget to find Shanzhai versions of it on the shelves before they could put it on sale themselves.”
Artificial Intelligence in Asia-Pacific will Reach $136 Billion
AI market in the APAC region, including software, hardware, and services, will grow from $6 billion in 2017 to $136 billion by 2025. By the end of the forecast, China will become 70% of the market, followed, by Japan, South Korea, India, and the rest of APAC.
Telecom Service Provider 5G Network Launch Plans
According to the latest market study by Juniper Research, global annual network operator billed revenues from 5G connections will approach $300 billion by 2025, rising from $894 million in 2019. This represents an average annual growth of 163 percent in its first six years of operation.
Global Public Cloud Computing Revenue Trends
In the IaaS market, the competitive landscape is consolidating around the current leaders. The top four providers are all hyperscale IaaS providers and represent approximately 73 percent of the total IaaS market and 47 percent of the combined IaaS and infrastructure utility services (IUS) market.
How China Invests in Creating Technology Unicorns
While Silicon Valley in California still leads the way internationally, Beijing is hot on its heels. In the period that Beijing saw 29 unicorns, Silicon Valley had 57, but the Chinese cities are ramping up to compete as investors start to look beyond California.
Blockchain Spending will Double in 2018 to Reach $1.5 Billion
The United States will see the largest blockchain investments and deliver more than 36 percent of worldwide spending throughout the forecast. Western Europe will be the next largest region for blockchain spending, followed by China and Asia-Pacific (excluding Japan and China).
Cloud Computing Migration Set to Ramp Up in China
Companies in China have been slower to embrace cloud computing, compared to U.S. firms, citing the cost and complexity of workload migrations, as well as added security and regulatory issues, according to a new McKinsey & Co. report.
China Improves Rank in Global Economic Index
In the last few decades, China has made huge progress in science and technology. This new age of innovation has seen the birth of ‘unicorn’ tech companies like media giant Tencent, the ‘Uber of China’ Didi Chuxing, and the world’s biggest drone builder, DJI.
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