Video Info - Season 2 , Episode 34
The past 20 years have seen a remarkable shift in economic development from an old economy to a new digital economy. This show discusses the reasons for the evolution, the effect on industry and the potential opportunities for Silicon Valley to play a part in the most urgent issues facing China today.
The old economy was dominated by state owned enterprises, such as energy production, mining, government financed infrastructure in transportation, housing, education. In the mid 1990 timeframe, the government began to focus its efforts on developing business opportunities for the country, leveraging the large numbers of university graduates coming into the job market, encouranging new startup business, creating the structures to support entrepreneurs.