There are 1000 Chinese labs. They are involuting, they cannot coordinate and the state won't let them coordinate because the state wants domination, not actual profits for anybody. So the market forces are allowed to dominate.
Because of the basic huge recession going on in China, you can't actually make money in China doing China things. So they gotta gird up their export stuff and try to export. That entails strong relations with American companies, American PR, English stuff, etc.
If you want an essay about this from a VC, read this one
amelius · · focus · HN ↗
Any ideas?
curuinor · · focus · HN ↗
Because of the basic huge recession going on in China, you can't actually make money in China doing China things. So they gotta gird up their export stuff and try to export. That entails strong relations with American companies, American PR, English stuff, etc.
If you want an essay about this from a VC, read this one
<a href="https://earnedintuition.substack.com/p/involution-without-export-is-wasted" rel="nofollow">https://earnedintuition.substack.com/p/involution-without-ex...
bilbo0s · · focus · HN ↗
Do you do business in China?
I'm curious what you mean by this? Because in my experience, you can only do business in China by doing "China" things.
I'd be interested in picking your brain as to how you get around those issues?
curuinor · · focus · HN ↗
I'm talking like, getting 100x, VC sized returns. Of course you can sell widgets in China, it's a major world economy.