Underrated point. There is no magic bullet or master plan or cheat code for development. Just steady and sustained and focused effort, day after day, year after year, decade after decade. The pyramids were built piece by piece, one block at a time.
one important thing to make clearer is that this is a clock that only loses 1 second after 30,000 years.China has created the world's smallest atomic clock chip: with an error of only 1 second after more than 30,000 years of development.
China’s dominance of electric vehicle and battery manufacturing, along with surging exports of these technologies, are some of the most surprising and well-publicized global economic trends of the 2020s. But the broader consequences of China’s electrification of both power generation and transportation remain underappreciated by global investors and policymakers. These trends have resulted from Beijing’s expansion of cheap electricity, the agglomeration of upstream materials production, and policies that enabled China to develop a dominant position in green technologies, while maintaining its competitive advantage in manufacturing of almost anything with an electric current: In other words, its emergence as an “electro-state.”
In aggregate, the pro-cyclical network effects that produced China’s electro-state structure uniquely combine metals processing, power resources, and production of advanced manufactured goods in a way that will be almost impossible to fully replicate in any individual market outside of China. This note details how this process unfolded and the implications for companies, financial markets, and global policymakers.
The Shocking Speed of China’s Scientific Rise
When will Chinese research pull ahead of the U.S.’s?