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Don’t underestimate China’s entrepreneurs—steal them

Former US vice president and Democratic presidential hopeful Joe Biden has dismissed the idea that China, the world’s second-largest economy, poses much of a threat to the United States. “China is going to eat our lunch? Come on, man,” he said at a campaign stop in May. “China isn’t in competition with us. . . . They can’t figure out how they’re going to deal with the corruption that exists within the system. They’re not bad folks, folks. Guess what—they’re not competition for us.”

But Biden’s view of China certainly does not match what I observed on a recent trip to Hong Kong and Shenzhen, at least when it comes to entrepreneurship and innovation.

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Source: Don’t underestimate China’s entrepreneurs—steal them | Chicago Booth Review