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Population Size and Immigration Policy Could Define the Outcome of US-China Tech Race, Says Ctrip Executive Chairman James Liang
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James Liang, Co-founder and Executive Chairman of Ctrip, recently attended the 2019 Yabuli China Entrepreneurs Forum Summer Summit, where he discussed how population and demographic management could be the determining factors in the US-China tech race.
During the forum, Liang spoke about how each nation’s approach to demographics and immigration will play a pivotal role in determining their future innovation and development potential. According to Liang, although China is well-placed to outpace the US in the short term, it will need to tackle the core challenges of population size and demographic make-up to ensure sustainable growth in the long run.
“In simple terms, the more people you have, the more research scientists and engineers will be available to develop world-leading artificial intelligence technologies to overtake your competitors,” said Liang.
Liang observes that China’s current momentum in the tech race stems from both its mammoth population size and the size of its market. With a population of 1.4 billion, China has more human resources to invest in research and development. Coupled with the fact that China is home to the world’s largest e-commerce market, this means domestic technology giants have access to more user application scenarios and innovation opportunities.
In addition, the number of undergraduates produced by China is more than triple that of the US, placing China at a definite competitive advantage for R&D over the next two decades.
Despite this, Liang warned that diminishing fertility rates, an aging population and a ‘brain drain’ of talent would put China’s advantage at risk in the future. The average Chinese family has 1.2 children, effectively halving the population every generation. Lingering effects from China’s one-child policy mean that the population above age 65 will continue to grow exponentially, reaching 330 million by 2050, further impeding the pace of innovation. Chinese students are also lured by the prospect of studying overseas, forming almost a third of American international students.
When asked about China’s radical solutions to address population and demographic issues, Liang responded that proactive policies would play the most prominent role in maintaining its competitive edge.
“In the long run, the outcome will come down to foresighted management of population policy,” said Liang. “It’s not wise to wait for the latest technologies to solve severe demographic problems. For China, this would require significant reform by putting in place policies to encourage childbearing, relaxing immigration and visa laws, and reforming the education system.”
Contrary to China’s potential innovation deficit in the future, Liang views the US’ attitude to immigration as the nation’s most significant hurdle in the future. Liang noted that at present, the US population more than doubles when taking migration into account and, at its current pace, is set to surpass China’s by 2100.
In addition, more than half of all US tech companies are built by immigrants, and non-US citizens make up 45% of all Ph.D. candidates in key innovation fields like engineering, and computer sciences are non-US citizens, as well as 35% in mathematics. Ultimately, Liang says, this demonstrates a strong correlation between a diverse population and innovation.
“An open door to the brightest minds of the world means that US technology companies can be assured of their ability to remain at the forefront of innovation,” said Liang. “The restrictive immigration policies pursued by the incumbent US president run the genuine risk of throwing away the strongest advantage the US holds – an openness to overseas talent. If this protectionism persists, it could have devastating effects on America’s ability to innovate technologically.”
In the end, Liang says the future will be decided by the nation that can best tackle their challenges and adopt new policies to maintain their edge in terms of population and demographics.
“This is where I believe the battle for the top will be won or lost – a young, dynamic population with an openness to seeking the best talent from overseas,” says Liang.
BEIJING, Nov. 15, 2024 /PRNewswire/ — On November 14, 2024, ThunderSoft (Stock Code: 300496), a world leading OS and intelligent device products and technology provider, and HERE Technologies, the leading location data and technology platform, announced a strategic partnership to enhance collaboration in intelligent navigation and high-definition maps. The collaboration aims to support the efficient development of navigation systems, contributing to a more connected and intelligent mobility ecosystem.
The agreement will see both companies maximize their technical strengths and platform resources for comprehensive, multifaceted cooperation. ThunderSoft’s Aqua Drive OS will integrate HERE location data and services, including HERE SDK, HD Map and autonomous driving solutions. These AI-powered elements, create a foundation for developers worldwide to build intelligent system platforms. Additionally, the partnership will deliver tailored intelligent navigation solutions for international markets, addressing the diverse requirements of automotive manufacturers and consumers.
The companies will also collaborate to develop immersive and interactive 3D high-definition mapping solutions by combining HERE’s map data with ThunderSoft’s Kanzi Map engine, establishing a new benchmark in intelligent driving and navigation.
Deon Newman, Senior Vice President and General Manager of HERE Technologies said, “This strategic partnership with ThunderSoft represents a transformative step in delivering on the potential of AI and software-defined vehicles. By uniting our best-in-class location technology with ThunderSoft’s advanced system capabilities, we will together deliver greater insight and intelligence to every journey, empowering our clients to create richer, more personalized experiences for their customers worldwide.”
Hengshang Chang, Executive President and President of SmartVehicle Business Group of ThunderSoft, highlighted the strategic importance of the collaboration, “Our collaboration with HERE holds immense significance. By integrating HERE’s map data and location platform capabilities with ThunderSoft’s pioneering vehicle OS technology, we aim to develop more competitive, globally-oriented intelligent navigation systems for the automotive industry, enabling automakers to achieve accelerated growth.”
About HERE Technologies
HERE has been a pioneer in mapping and location technology for almost 40 years. Today, HERE’s location platform is recognized as the most complete in the industry, powering location-based products, services and custom maps for organizations and enterprises across the globe. Find out how HERE is moving the world forward at here.com.
About ThunderSoft
ThunderSoft, a well-known intelligent operating system products and technologies provider, has been continuously accumulating and innovating in the operating system field, with its business expanding gradually from smart phone to smart vehicle, AIOT and smart industries. Website: https://en.thundersoft.com
View original content:https://www.prnewswire.co.uk/news-releases/thundersoft-partners-with-here-technologies-to-enhance-intelligent-navigation-solutions-302307004.html
Plug and Play, a global accelerator platform and one of the most active early-stage investors globally, has announced a strategic partnership with Gujarat International Finance Tec-City (GIFT City). Through the partnership, Plug and Play will establish and run the International Fintech Innovation Hub (IFIH), GIFT City’s FinTech Incubator and Accelerator, which aims to foster research and innovation in financial technology, reinforcing GIFT City’s role as a premier global fintech hub.
GIFT City’s MD and Group CEO, Mr. Tapan Ray, said, “Our vision at GIFT City is to drive fintech innovation by creating a climate-resilient, inclusive ecosystem that empowers diverse entrepreneurs and builds workforce competitiveness in emerging technologies. With the support of prominent partners in fintech education and incubation, we are committed to nurturing a new generation of talent that will be well-equipped to meet the needs of an evolving global economy.”
Manav Narang, Head of Financial Services for Plug and Play APAC and Program Lead for the GIFT Incubator and Accelerator added, “We are thrilled to bring Plug and Play’s global expertise to GIFT City. Our vision is to create India’s largest industry-wide fintech program – a collaborative platform where banks, payments corporations, venture capital and corporate venture capital firms, accelerators, and ecosystem partners unite. Together, we aim to catalyze transformative fintech solutions and nurture fintech unicorns that will shape the future of finance in India.”
The program will support fintech startups with resources, mentorship, capital, and networking to navigate and excel globally in the dynamic fintech landscape. The first batch of startups will be unveiled in January 2025.
The post Plug and Play and GIFT City Launch “IFIH,” a Global Fintech Incubator and Accelerator appeared first on .
Doo Group’s brokerage brand, Doo Financial is thrilled to announce its expansion into Indonesia by acquiring a reputable Indonesian broker to expand the business. This move brings its global investment services to local investors. Backed by the strength of Doo Group’s extensive international presence, cutting-edge technology, and 10 years of expertise, Doo Financial is well positioned to support investors at every level.
As a brand encompassing investment services offered by various legal entities within the Doo Group, Doo Financial provides a comprehensive range of global brokerage services. This wide range of products empowers investors to pursue their financial goals.
With a diversified portfolio, Doo Financial empowers investors to navigate various market conditions effectively, manage risks, and focus on long-term growth. This entry into the Indonesian market reflects Doo Financial’s commitment to supporting investors with flexible, high-quality investment options tailored to today’s dynamic financial landscape.
Supervision by International Regulatory Institutions to Ensure Top-Tier Safety
As a global leading finance group, Doo Group has licensed entities regulated by top regulatory authorities worldwide, ensuring a secure and reliable trading environment.
Our global credentials include licenses from the U.S. Securities and Exchange Commission (US SEC), the Financial Industry Regulatory Authority (US FINRA) in the U.S., the Financial Conduct Authority (UK FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the Hong Kong Securities and Futures Commission (HK SFC), Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) in Indonesia. These licenses enable us to provide secure and reliable financial services globally.
Dedication to Shape the Industry with Innovative Solutions
Doo Financial’s expansion into Indonesia brings advanced technology and a global perspective to empower local investors. As an international investment firm committed to secure and seamless trading, Doo Financial offers a diverse range of products and services to help diversify portfolios and open up new opportunities.
This growth elevates opportunities for Indonesian investors by offering seamless access to global markets and advanced trading platforms within a secure and regulated environment. It broadens investment choices and enhances the trading experience, aligning it with international standards and empowering local investors with comprehensive tools and resources for success.
Driven by unwavering commitment, this growth marks a significant milestone in Indonesia’s investment landscape, equipping our clients with the tools to navigate global markets. We remain dedicated to delivering exceptional service, exploring new opportunities, and driving future breakthroughs. With continued support from the FinTech community, we are excited to innovate and shape the future of finance.
Stay updated with the latest insights from Doo Financial. Join our community of empowered investors and let us be your trusted partner!
E-mail: [email protected]
The post Doo Financial Now in Indonesia: Offering Local Investors A Gateway to Global Markets appeared first on .
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