The Financial Times | September 10, 2017:
An army of Chinese entrepreneurs faces the future with a sense of adventure.
China’s army of entrepreneurs is facing the future with an unrivalled sense of adventure and curiosity. The millions of internet-connected bikes that have appeared on the streets of China’s major cities during the past 18 months, although greeted with fury in some quarters, are the most visible emblem of this.
Then there is DJI, a Shenzhen company and offshoot of the robotics lab of the Hong Kong University of Science and Technology, that makes 70 per cent of all drones sold around the world.
The most impressive example of Chinese global leadership is in electronic payments thanks to Alipay and WeChat Pay, the payment systems of the country’s two largest internet companies, Alibaba and Tencent. Every day, 600m payments course through WeChat Pay, allowing Chinese millennials to go for months without having to use cash.
Westerners often complain about the policies of the Chinese government. But from Beijing the world looks very different.
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