Urbanization and industrial clustering power China's rise in innovation

Urbanization and industrial clustering power China's rise in innovation by Cyrus Janssen

of Inside China Business

at Inside China Business (October 10 2024) 9:27 minutes 35,540 views 74,500 subscribers

Industry clusters are areas of dynamic growth and innovation, as the concentration of talent and capital generate faster advances. Typically industry clusters take many decades to evolve, as evidenced by London's Fleet Street, New York's Wall Street, Hollywood, and Silicon Valley.

But China's approach to industry clustering was targeted and deliberate, from the top down. What's more, it took place during China's urbanization: The cities themselves did not yet exist, let alone as specialized industrial hubs. An extreme example is Shenzhen, now the 2nd largest Science and Technology supercluster in the world, while just 30 years ago it was an unknown clump of rural villages.

China now leads the world in industrial clusters of all types, and notably in Science and Technology where double-digit growth is being realized across many of them. And with China on track to bring another 400 million to cities over coming decades, these advances are very likely to continue.

Resources and links: Top Global S&T Clusters by Size, 2024: China, US, Germany lead https://www.wipo.int/pressroom/en/art...

GII 2024 at a glance https://cset.georgetown.edu/wp-conten...

China's urbanization has only just begun https://www.newgeography.com/content/...

The Shenzhen Effect: The story behind Shenzhen’s three-decade transformation from village to megacity. / the-shenzhen-effect

The astonishing rise of Shenzhen, China’s gadget capital https://www.weforum.org/agenda/2017/1...

China’s New Action Plan to Boost Urbanization https://www.china-briefing.com/news/u...

China’s Industry Clusters – A Comprehensive Overview https://www.china-briefing.com/news/c...

Foxconn adds 50,000 workers in Zhengzhou plant as it prepares for Apple’s iPhone 16 launch https://www.scmp.com/business/compani...

Qualcomm confirms that Huawei no longer needs its chips https://www.gizchina.com/2024/05/11/h...

A new Huawei phone has defeated US chip sanctions against China https://qz.com/a-new-huawei-phone-has...

China claims progress in advanced chips as it seeks workarounds to export bans https://pamirllc.com/blog/china-claim...

Closing scene, Tai Lake, Huzhou, Zhejiang

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