Hongkong’s “South China Morning Post” October 10th, 2017 article, originally titled: “What can India’s high tech capital learn from China.
This year, India’s “Silicon Valley” witnessed the core of Bangalore layoffs. Many engineers in India were taken by surprise – IT industry not only supports the local economy, but is crucial for many of India’s young people for realising their life style changing dreams.
Last month, I traveled in China, to the first tier cities such as Beijing and Shenzhen, and to second tier cities such as Hangzhou and Wuhan. Both Hangzhou and Wuhan are emerging centres of technology. After a series of meetings with internet professionals, I can’t help comparing Bangalore with these Chinese technology centres.
A recent article in the Economist magazine confirms Chinese start-ups, saying that a few years ago, China’s innovation meant cottage indurstry. Now, a generation of bold, talented and global entrepreneurs is driving China’s innovation. Young Chinese entrepreneurs have created targeted products to meet domestic demand.
This change has implications for Bangalore. Bangalore used to rely on the global outsourcing industry, and its export economy should be adjusted to focus on domestic demand and find ways to meet the needs of its own people. In addition, infrastructure needs to be improved if the economy is to remain viable.
Hangzhou is the headquarters of the giant e-commerce supplier, Alibaba, Bangalore can learn from Hangzhou, and yet retain its own advantages. Hangzhou has only Alibaba amongst the large e-commerce suppliers enterprises, Shenzhen has only one, Tencent. Whereas the two major e-commerce supplier enterprises in India are in Bangalore. (Author Hu Jianlong, Qiao Heng translation)