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How A Chinese Fishing Village Grew Into A Tech Powerhouse | NBC News Now

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ECONOMY AND THE CHALLENGES IT POSES TO THE US

AS IT GROWS POSES TO THE US AS IT GROWS >>> AFTER LEAVING BEIJING, WE >>> AFTER LEAVING BEIJING, WE ARRIVE ARRIVE ARRIVE

ARRIVE THIS CITY APPEARS FROM ALMOST THIS CITY APPEARS FROM ALMOST NOWHERE NOWHERE 30 YEARS AGO IT WAS A FISHING 30 YEARS AGO IT WAS A FISHING VILLAGE VILLAGE

THEN THE COMMUNIST GOVERNMENT THEN THE COMMUNIST GOVERNMENT TRIED AN EXPERIMENT, SPECIAL TRIED AN EXPERIMENT, SPECIAL ECONOMIC ZONE ECONOMIC ZONE SURE ENOUGH, THE MONEY POURED SURE ENOUGH, THE MONEY POURED IN IN >> WELCOME

>> WELCOME >> THANK YOU VERY MUCH >> THANK YOU VERY MUCH >> WILLIAM WAS ONE OF THOSE >> WILLIAM WAS ONE OF THOSE AMERICAN INVESTORS ATTRACTED BY AMERICAN INVESTORS ATTRACTED BY CHINA’S NEW ECONOMIC CHINA’S NEW ECONOMIC OPPORTUNITY OPPORTUNITY

>> SO I’VE BEEN IN MAINLAND >> SO I’VE BEEN IN MAINLAND CHINA FOR THE LAST SINCE 2002 CHINA FOR THE LAST SINCE 2002 >> HOW HAS IT CHANGED? >> HOW HAS IT CHANGED? >> ONE MONTH HERE IS LIKE SIX >> ONE MONTH HERE IS LIKE SIX MONTHS TO A YEAR ANYWHERE ELSE MONTHS TO A YEAR ANYWHERE ELSE THEY MOVE EXTREMELY QUICKLY

THEY MOVE EXTREMELY QUICKLY >> IF SILICON VALLEY IS THE >> IF SILICON VALLEY IS THE GLOBAL SOFTWARE CAPITAL, THIS IS GLOBAL SOFTWARE CAPITAL, THIS IS THE KINGDOM OF HARDWARE WHERE THE KINGDOM OF HARDWARE WHERE 90% OF THE WORLD’S CONSUMER 90% OF THE WORLD’S CONSUMER ELECTRONICS ARE MADE ELECTRONICS ARE MADE BUT THE WAY THIS CITY DEVELOPED BUT THE WAY THIS CITY DEVELOPED ITS HARDWARE EXPERTISE IS TO SAY ITS HARDWARE EXPERTISE IS TO SAY THE LEAST CONTROVERSIAL THE LEAST CONTROVERSIAL

IN MARKET STALLS ALL ACROSS THE IN MARKET STALLS ALL ACROSS THE CITY, PEOPLE TAKE APART AND CITY, PEOPLE TAKE APART AND ANALYZE THE LATEST INNOVATION ANALYZE THE LATEST INNOVATION FROM WESTERN COMPANIES, THEN FROM WESTERN COMPANIES, THEN FIGURE OUT HOW TO COPY THEM FIGURE OUT HOW TO COPY THEM THE CHINESE HAVE A WORD FOR IT THE CHINESE HAVE A WORD FOR IT ROUGH TRANSLATION, TINKERING

ROUGH TRANSLATION, TINKERING THE US NATIONAL SECURITY AGENT THE US

NATIONAL SECURITY AGENT HAS ANOTHER WORD FOR IT HAS ANOTHER WORD FOR IT THEFT THEFT A LOT OF AMERICANS SAY CHINA GOT A LOT OF AMERICANS SAY CHINA GOT THIS WAY BY RIPPING OFF THE THIS WAY BY RIPPING OFF THE UNITED STATES, BY RIPPING OFF UNITED STATES, BY RIPPING OFF TECHNOLOGY, COPYING IT

TECHNOLOGY, COPYING IT >> EXACTLY >> EXACTLY WHEN YOU START OFF, YOU BEG, WHEN YOU START OFF, YOU BEG, BORROW AND STEAL FROM WHOEVER BORROW AND STEAL FROM WHOEVER YOU CAN YOU CAN

PEOPLE HAVE BEEN DOING IT HERE PEOPLE HAVE BEEN DOING IT HERE NOW FOR THE LAST 20 YEARS NOW FOR THE LAST 20 YEARS THE BIG DIFFERENCE IS YOU’RE THE BIG DIFFERENCE IS YOU’RE ACTUALLY SEEING INNOVATION HERE ACTUALLY SEEING INNOVATION HERE FOR THE FIRST TIME FOR THE FIRST TIME >> AND THAT’S THE BIG LEAP, >> AND THAT’S THE BIG LEAP, MOVING FROM IMITATION TO MOVING FROM IMITATION TO CREATION

CREATION THAT’S WHAT’S HAPPENING NOW THAT’S WHAT’S HAPPENING NOW BECAUSE THEY’VE BEEN COPYING BECAUSE THEY’VE BEEN COPYING THINGS HERE FOR SO LONG, THEY’VE THINGS HERE FOR SO LONG, THEY’VE GOTTEN REALLY FAST GOTTEN REALLY FAST

>> TO THE POINT WHERE YOU CAN >> TO THE POINT WHERE YOU CAN HAVE A NEW PRODUCT IN THE MARKET HAVE A NEW PRODUCT IN THE MARKET WITHIN A WEEK BEFORE OTHER WITHIN A WEEK BEFORE OTHER PEOPLE IN OTHER COUNTRIES ARE PEOPLE IN OTHER COUNTRIES ARE JUST GETTING DONE WITHDRAWING JUST GETTING DONE WITHDRAWING OUT THEIR PLANS OUT THEIR PLANS IT’S VERY DIFFICULT FOR ANY IT’S VERY DIFFICULT FOR ANY OTHER PLACE IN THE WORLD TO OTHER PLACE IN THE WORLD TO COMPETE COMPETE WE’RE IN HERE

WE’RE IN HERE THIS IS US THIS IS US WE HELP STARTUP COMPANIES COME WE HELP STARTUP COMPANIES COME HERE HERE

WE’VE GOT PRODUCTS HERE WE’VE GOT PRODUCTS HERE THESE ARE THE COMPANIES WE’VE THESE ARE THE COMPANIES WE’VE INVESTED IN AROUND THE WORLD INVESTED IN AROUND THE WORLD WE BRING THEM HERE TO TAKE THEIR WE BRING THEM HERE TO TAKE THEIR PRODUCTS FROM PROTOTYPES INTO PRODUCTS FROM PROTOTYPES INTO THE MARKET

THE MARKET >> HOW MANY COMPANIES? >> HOW MANY COMPANIES? >> WE WERE THE FIRST HARDWARE IN >> WE WERE THE FIRST HARDWARE IN THE WORLD WITH 250 COMPANIES THE WORLD WITH 250 COMPANIES THAT HAVE GONE THROUGH THIS THAT HAVE GONE THROUGH THIS PROGRAM PROGRAM >> HE CALLS HIS TECH INCUBATOR >> HE CALLS HIS TECH INCUBATOR HACK HACK

ENTREPRENEURS COME HERE TO WORK ENTREPRENEURS COME HERE TO WORK ON EVERYTHING FROM ROBOTS TO ON EVERYTHING FROM ROBOTS TO MACHINES THAT WILL HELP THEIR MACHINES THAT WILL HELP THEIR PING-PONG GAME PING-PONG GAME HACK GIVES THEM OFFICE SPACE, HACK GIVES THEM OFFICE SPACE, WORKSHOPS AND BUSINESS WORKSHOPS AND BUSINESS EXPERTISE, ALL FOR A PIECE OF EXPERTISE, ALL FOR A PIECE OF THE COMPANY THE COMPANY >> WE BRING ENGINEERING TALENT >> WE BRING ENGINEERING TALENT THEY MIGHT BE MISSING

THEY MIGHT BE MISSING WE BRING CAPITAL WE BRING CAPITAL WE INTRODUCE INVESTORS WE INTRODUCE INVESTORS

>> THIS USED TO BE CALLED THE >> THIS USED TO BE CALLED THE AMERICAN DREAM AMERICAN DREAM >> YES >> YES >> YOU WOULD START A COMPANY AND >> YOU WOULD START A COMPANY AND BRING IT TO MARKET

BRING IT TO MARKET THAT’S CALLED THE AMERICAN THAT’S CALLED THE AMERICAN DREAM DREAM >> THE AMERICAN DREAM NOW

Source: Youtube

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