Kai-Fu Lee and Jonathan Woetzel — China, the Digital Giant

Summary:
Retraining the displaced will be a major challenge for China’s government, as will preventing the major digital players from securing innovation-stifling monopolies. But the government’s readiness to embrace the emerging digital age, pursuing supportive policies and avoiding excessive regulation, has already placed the country at a significant advantage. Digitization also addresses the issue of the economic effect of China's aging population and the one-child policy's affect on replenishing the labor supply. Project SyndicateChina, the Digital Giant Kai-Fu Lee, co-founder and CEO of Sinovation Ventures, and Jonathan Woetzel, a McKinsey senior partner and a director of the McKinsey Global Institute

Topics:
Mike Norman considers the following as important: Chinese economy, Chinese innovation, Chinese technology

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