Technological Development in China

Nowadays, technology is everywhere. You need technology to live. Since the internet arrived to our lifes, the world began to grow exponentially in terms of technology development all over the world and now we are almost in the asymptote of this development.

There are a lot of sector where you can develop technologies but it doesn’t mind which one: most of the stuff are provided by China. There are a lot factors to find China attractive for new technologies development: amount of people, cheap raw material, cheap labour cost, growing market, early adopters community etc…

Chinese government, knows all this chinese power, and doesn’t care to put a lot of money in R&D departments or StartUp to keep developing new technologies. This strategy is used to show a better brand image of China abroad, especially to Europe and USA.

That’s the reason why they invest huge amounts of money to accelerator to finance StartUp even asking anything in exchange.

In conclusion, nowadays China is one of the best places (if not the best) to start a company related with technology; you have government support, a lot of testers and very cheap cost.

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