March 6th, 2008

The Power of China


Spend the last two evening with Dr Zhang Luyang 张陆洋, a professor from Fudan University. He is one of the leading academic on venture capital in China. I learn a lot from him about the venture scene in China and makes me rethink about China in the short time we spend together.

I reach a stage where I know enough to know I don’t really know whats’ going on. So I won’t talk about venture capital in China here like an expert (I am not!).

However, something else he said over dinner is worth repeating. It goes something like this:

“Pick 10 random people from Singapore and China, Singaporeans are likely to be better. But 1 out of 10 Chinese is better than 9 out of 10 Singaporeans”.

Go ponder over it.

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