Chinese Innovation Solves Traffic Woes?
In fact, the Shenzhen-based company behind the concept of the bus is focused on urban transport issues. It has invented novel ways that reinvent street-side parking (in Chinese, but see photos and a video at bottom of page) for personal vehicles and bikes storage–which apparently allow efficient use of limited urban space, a particular constraint for the China of tomorrow. It’s also important that this young company, started only in 2010, is a private entity that is relying on outsized creativity and innovation to survive–it claims that it has over 100 items based on internally generated intellectual property (The state’s role in Chinese innovation will be a topic for another time).
Whether this company and others like it prosper in China is at the heart of determining what kind of economy, and indeed country, it will become.