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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

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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 Syndicate
China, 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
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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