(no subject)

[timelets]

“[China] embraced a vision of technology radically different from Silicon Valley’s: the pursuit of physical and industrial technologies rather than virtual ones like social media or e-commerce platforms. In China, technology is not represented by shiny objects; rather, it is embodied by communities of engineering practice like Shenzhen, where technology lives inside the heads and in the hands of its workforce. ”
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Chinese officials climbed over each other to host a Foxconn facility. They salivated at the number of jobs and amount of tax revenues the company could create for their jurisdiction, which could elevate them to higher office. Local officials promised to satisfy Foxconn’s extraordinary labor demands. In Chengdu, minor bureaucrats had to hit quotas on the number of workers to rustle up for factory work; those who failed might receive an order to work at assembly lines themselves.
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A 2012 story in the New York Times reported that Apple needed to hire nearly nine thousand industrial engineers in the earlier days of iPhone production. The company’s analysts expected recruitment to last nine months to hire that many engineers in the United States. In China, they were able to do it in two weeks.

-- Daniel Wang. “Breakneck: China’s Quest to Engineer the Future.”

The difference in the vision reflects the nature of capital provenance: state and state affiliated banks vs venture. The Chinese state can take on risks and invest so much money into hardware and equipment that no VC can afford.