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China... Next Tech Superpower

Aug 1, 2017

China - Next Tech Superpower

My recent trip to Beijing and Shanghai has me convinced me China is the next technological superpower.

This blog lays out the data so you can make your own judgment.

China is the world’s second largest economy with a GDP of $7.5 trillion, and an average 9.71% annual GDP growth (since 1990).

Check out Shanghai in 1990 (27 years ago) versus Shanghai today.


Shanghai 1990

Shanghai 2017

Recently, China is getting into the venture capital business in a big way.

A really, really big way.

Venture capital raised in China tripled year over year to $250+ billion in 2016.

That’s the biggest pot of money for startups in the world.

Consequently, China is undergoing a technological renaissance with thousands of startups and dozens of multibillion-dollar tech companies springing up.

Companies like Alibaba, Tencent and Xiaomi are capitalizing on China’s 700+ million

Internet users.

A Chinese delivery company, ZTO Express, raised $1.4 billion in its public debut.

This was the biggest U.S. IPO of the year (in 2016).

China is a manufacturing powerhouse producing 25% of the world goods and 70% of its mobile phones.

Today there is a waiting list of 600+ Chinese companies waiting to go public.

Let’s talk about manufacturing. 100 million people in China work in manufacturing.

FOXCONN is the world’s largest contract electronics manufacturer. Notable customers include Apple, Kindle, Playstation and Xbox.

In 2015, China became the world’s largest producer of photovoltaic power.

China also led the world in production and use of wind power and smart grid technologies.

China owns 70% of the commercial drone market.

China has also increased their space budget considerably over the last few years.

And their human spaceflight programs is very serious.

China has truly become an international technology superpower.

Interested in Joining Me? (Two options)

1. A360 Executive Mastermind: This is the sort of conversation I explore at my Executive Mastermind group called Abundance 360. The program is highly selective, for 360 abundance and exponentially minded CEOs (running $10M to $10B companies). If you’d like to be considered, apply here.

Share this with your friends, especially if they are interested in any of the areas outlined above.

2. A360 Digital Mastermind: I’ve also created a Digital/Online community of bold, abundance-minded entrepreneurs called Abundance 360 Digital (A360D).

A360D is my ‘onramp’ for exponential entrepreneurs – those who want to get involved and play at a higher level. Click Here to Learn More.

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Topics: Exponentials
Peter H. Diamandis

Written by Peter H. Diamandis


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