The Chinese social media scene is alive and vibrant, lead by the leading search engine Baidu who dwarfs Google in China marketshare. Facebook and Twitter appear to be blocked in China (except through my Blackberry), which has resulted in locally developed alternatives. Much of social media is accessed by cellular phones rather than other alternatives.
However, the point I noticed is that social media appears not to be leading the economy the way it is in the U.S. China's economy is being lead by infrastrucutre development, cellular and networking investment and exports. In other words China's economy is building real, tangible products and not overly focused on social media and derivative industries.
My concern is that the U.S. is losing competitiveness by the focus on social media. America's young and most talented entrepreneurs are being diverted away from more productive endeavors by the focus on social media while the Chinese economy is focused on more traditional industries. While I talk alot about social media on SF, I think I am going to try and spend more time highlighting technology related to tangible products. I am worried that the U.S. is losing competitiveness in traditional industries by the excessive focus on social media. We cannot just be a country of bits and bytes.
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