Hey there! Did you know that new technology and something called “patient capital” are helping to boost the Chinese mainland’s economy? Let’s dive in and see how! 🤓
What’s Happening?
Radhika Desai, a professor from the University of Manitoba, says that China’s growth potential is still very high. She believes that focusing on new, high-quality technologies and “patient capital” is super important for the country’s economic future.
But What Is “Patient Capital”?
Great question! “Patient capital” is money that investors put into projects and are willing to wait a long time to see results. Instead of wanting quick profits, they support ideas that might take years to grow but can make a big difference! 🌱
Why Is This Important?
By investing in new technologies and being patient, China can develop cool new products and services that help people and the economy. This means more jobs, better inventions, and a stronger future! 💡
The Big Picture
So, focusing on innovation and being patient with investments can help the Chinese mainland continue to grow and thrive. Who knows? Maybe you’ll be part of creating the next big thing! 🚀
Reference(s):
cgtn.com
