>If yes, how come in such a regime? I would expect everything to be stuck in bureaucracy.
Haha you're funny... It's us in the West stuck with bureaucracy. China's growth is unprecedented, with a labor force that's becoming more educated and has always been very hungry for work (no beer or foosball needed). We're finally starting to see engineers and scientists trained here going back after they graduate. For a startup, China potentially has all the following advantages:
- Lower operating costs
- Less regulations
- Bigger market
Those are pretty huge.
Of course there's the big authoritarian elephant in the room, but in practice this is less detrimental to most startups than one would think.
Haha you're funny... It's us in the West stuck with bureaucracy. China's growth is unprecedented, with a labor force that's becoming more educated and has always been very hungry for work (no beer or foosball needed). We're finally starting to see engineers and scientists trained here going back after they graduate. For a startup, China potentially has all the following advantages:
- Lower operating costs - Less regulations - Bigger market
Those are pretty huge.
Of course there's the big authoritarian elephant in the room, but in practice this is less detrimental to most startups than one would think.