Latest news with #publicPrivateCollaboration
South China Morning Post
24-06-2025
- Business
- South China Morning Post
China offers an alternative to Western ‘technofeudalism'
At the turn of the century, global innovation followed a Western script. Silicon Valley dominated the world in innovation. Europe exported standards and governance. Asia, in contrast, was cast as the manufacturer, assembler and consumer. But the global innovation order is shifting. According to the latest Edelman Trust Barometer, change is under way not only in technical capability but also in public sentiment. In China, 72 per cent of people trust artificial intelligence (AI), compared to 32 per cent in the United States and 28 per cent in the United Kingdom. Similar patterns hold across India, Indonesia, Malaysia and Thailand as developing Asian markets consistently outperform Western and developed peers on public trust in innovation. This matters as without trust, even the most advanced technologies stall. Where trust is high, adoption accelerates, institutional alignment strengthens and public-private collaboration deepens. This serves as a powerful catalyst, especially for a country like China, whose innovation strategy is tightly interwoven with national development goals and the self-sufficiency mission . These dynamics play out against a broader philosophical divergence in how innovation is governed. Broadly speaking, two models dominate the innovation landscape. The first is the 'permissionless' model, which gave Silicon Valley its mojo. It champions speed, risk-taking and deregulation, based on the belief that innovation should be free to develop without prior approval. Although this laissez-faire approach has produced some of the most valuable technology companies globally, recent years have also seen such companies face accusations of acting against the public's best interests, sparking debates on their influence and societal role.
Reuters
02-06-2025
- Business
- Reuters
Japan to raise foreign direct investment target to $1 trillion by mid-2030s, sources say
TOKYO, June 2 (Reuters) - Japan is set to raise its 2030 foreign direct investment target by 20% and push the figure as high as 150 trillion yen ($1.05 trillion) by the middle of the decade, people familiar with the matter told Reuters. The mid-decade goal, almost triple the current level of investment of some 50 trillion yen, underscores Japan's push to revitalise its economy by attracting foreign firms to pump money into key growth sectors such as decarbonisation. The new targets, to be formally included in the government's upcoming fiscal and economic policy guidelines in June, represent a sharp escalation from the previous goal of 100 trillion yen by 2030. The plan is to revise the 2030 goal to 120 trillion yen which will set the stage for accelerated effort in the years beyond to reach 150 trillion yen before 2035, said the people, who declined to be identified as the matter is still private. The expanded foreign direct investment strategy is also aimed at stimulating regional economies and creating jobs outside major urban centres, the people said. To this end, they said, the government is considering the use of new grants and enhanced public-private collaboration frameworks to support the establishment of foreign facilities in local areas. ($1 = 143.4300 yen)
