Part 7/10:
Despite its posturing, China’s tech sector faces relentless challenges. For instance, while the global software market boasted a valuation of about $659 billion in 2023—with the U.S. leading with $338 billion and China lagging behind at just $35 billion—it becomes evident that despite having a larger workforce of programmers, China’s productivity suffers. The traditional American model, where growth comes from refining niche areas over decades, stands in stark contrast to Chinese startups that attempt to capture every market segment, often leading to inefficiency.