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Dan Wang

๐Ÿ‘ค Speaker
823 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

And China has already gotten significantly better at a lot of these scientific projects that used to be only the preserve of American universities and a few other places.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

By most metrics that we can identify, Chinese scientists are producing better qualities of work, not just quantity.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

If we take a look at the top 1% cited scientific papers, Chinese researchers are producing an increasing share of many of these top papers.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

We can see that China has produced a lot of really good scientific projects, to say nothing of the moon missions.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

I think there's a pretty strong sense now that China will get to the moon by the end of the 2020s, and America might not be able to get back to the moon, that it has forgotten a lot of these skills.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

that China has invested a huge amount in trying to improve its universities.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

We can see that a lot of American researchers, often American researchers of Chinese descent, have decided to move to China because there's better funding, there's more grad students they can work with, there's a more stable environment for them to do their science.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

And conversely, I think we have not seen that the US is really learning the hard parts of manufacturing really well.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

I think there are some successes.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

We can see that the TSMC fab in Arizona is actually doing fairly well now, according to the latest reporting.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

But if we take a look at many of America's apex manufacturers, companies like Boeing making aviation,

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

Intel making chips, Detroit and Tesla making vehicles.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

Mostly that's been going downhill.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

The U.S.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

isn't making a huge number of iPhones.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

It's barely making a huge number of Apple's desktop computers.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

And so I feel like the Chinese are learning at a much faster rate to patch up their deficiencies than the Americans have.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

I am against fully in control.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

I want no dictator in China, and so therefore I renounce being dictator of the U.S.

Invest Like the Best with Patrick O'Shaughnessy
Dan Wang - The US vs China In The 21st Century - [Invest Like the Best, EP.444]

I think what I'm really thinking about for this particular book project, as well as my broader writing over the past 10 years on China, is to be less focused on policy prescriptions, fixing statutes, fixing regulations.