Many Chinese designers are already leading the way. A few takeaways:
- Chinese design, development and production are extremely cheap, fast and high-quality (fact: you can hire a team of 10 skilled designers and developers for around €10k per month).
- Yuwei Ni founder of product company Kisskissfish (image below left) mentioned that China now resembles the Japan of the 70s: extremely creative, technical with low costs on execution.
- Ni’s company pumps out high quality products at a good price, similarly his friend runs Soocare (below right); Ni claims Soocare will crush Philips in the future with its solid design and low price (you can’t deny that it already looks great).
- There is an insane underground scene in China - who knew! We entered an underground bar to find everyone dancing to Congolese rumba, illustrating how cultural influences from abroad mix with Chinese culture.
- Adan Kohnhorst, an American musician and dancer living in Shanghai, claimed over a beer that Shanghai was the place to be for artists (more money, cheaper living). It seemed crazy, as we have always seen New York as the cultural Mecca.
- Another thing Kohnhorst mentioned was the fact that a lot of things haven’t been done before, and the Chinese are eager to try new things.
- It makes sense to note that the Chinese market is made up of 1.3B people and the middle class is 0.5B; so if you are launching a good product in China you immediately have a huge revenue stream.
- Oh and there are as much Chinese students as there are US citizens 👨🏻🎓👩🏻🎓
Links to check out
- Here are a couple of links that will help you understand more about the rise of China:
- How E-commerce is changing rural China - The New Yorker
- China’s tech funding boom: is Europe asleep on the job? - The Guardian
- Rem Koolhaas: ‘The word starchitect makes you sound like an a**hole’ - FT💸
- China a pillar of strength in Qatar's fightback against Arab blockade - SCMP
- Cockroach sushi? Inside a farming revolution that could cure cancer, compost waste – and shake up menus - SCMP
- China’s great leap forward in science - The Guardian
- Lunch with the FT: Jin Liqun 💸
- Big in China machines that scan your face - The Atlantic