They not only encourage innovation but also cross-pollination too. So say you discovered some minor technology, they'll even help you connect with other folks who work in the space, potentially combine the innovations together to create a new final product that can actually be licensed to OEMs.
Where I find China lacking is in creativity and imagination. Yes, there are some changes in that front happening, but you'll never find OpenAI, Helion Energy or SpaceX being founded in China. Those projects won't even get the greenlight from the CCP to get started off the ground because of their high capital and startup costs.
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They not only encourage innovation but also cross-pollination too. So say you discovered some minor technology, they'll even help you connect with other folks who work in the space, potentially combine the innovations together to create a new final product that can actually be licensed to OEMs.
Where I find China lacking is in creativity and imagination. Yes, there are some changes in that front happening, but you'll never find OpenAI, Helion Energy or SpaceX being founded in China. Those projects won't even get the greenlight from the CCP to get started off the ground because of their high capital and startup costs.
Dictatorships are always more efficient in the short run.
Some of them. Turkmenistan isn't doing that great.