This podcast tracks with my experience with the entrepreneurs that I meet here in Japan and the stories I hear from mainland China: the relentless hyper-competitive domestic environment in China is forging fiery founders ready to take on overseas markets.
Founder of Young China Group, Zak Dychtwald, likens it to “swimming with piranhas”. Part of the reason is that the GDP per capita in mainland China, since the important 1990 timeframe (which is the pivot year that China uses, similar to our “millennials”, called: 九零后), has increased 33x. That’s compared to US (3.5x), India (5x), Brazil (2x), Germany (1.9).
More than just government mandates that created China’s growth, is that such a dramatic change in the environment creates a hyper-active incentive system to achieve.
Asia Society podcast episode here: https://www.youtube.com/watch?v=d6LuSAThUTUz
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