Insights丨U.S. economist: China’s public-private partnership establishes a win-win ecosystem unlike America’s competitive spaces

In recent years, private enterprises, especially in the high-tech area in Hangzhou, capital of Zhejiang Province, have made great leaps forward and caught global attention. In an interview with China News Network, Doug Guthrie, Director of China Initiatives at Thunderbird School of Global Management, viewed Hangzhou as an example of government-enterprise cooperation, where local governments develop key sectors strategically, and businesses share knowledge and cooperate to grow the clusters as a whole.

Guthrie held that Chinese firms do better than American firms in sharing ideas and building an open environment. “Markets should not just be seen as competitive spaces where entrepreneurs protect knowledge and try to win,” he noted, “because as the ecosystem grows in power, individual firms will also grow in power.” (Chen Tianhao)