This is a must watch video. We need to learn how the Chinese can advance so fast and without repeating too many mistakes. The story of EV car maker Nio (towards the end of the short video) throws much light on the juquo "philosophy" in China.
According to the lady, the market capitalisation of Nio went from US$4.0 billion to US$100 billion in just ONE YEAR. They can do this because in China they can build a factory building in weeks. They can build highway overpasses in one day. They can re-build railway stations in NINE HOURS.
With that type of efficiency they can spend more time on designing new products and selling the product in the market.
The views expressed are those of the writer and do not necessarily reflect those of MMKtT.
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