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Lile Mo's avatar

This is such a critical and well-articulated distinction. This is exactly what i found out in Hefei , where the municipal government operates like a venture capital firm led by scientists. The mayor a quantum physicist doesn’t just regulate; she participates in technical reviews as a peer. Their investment team is composed of 120+ PhDs in fields from photonics to electrochemistry.

The result? They don’t just manage markets they architect them. They built a "trinity" model that functions like an algorithm: taking equity stakes in strategic companies, clustering supply chains, and turning a mid-tier city into a semiconductor and EV hub in under a decade.

Your point about building vs. regulating gets to the heart of why this approach is so transformative. Really appreciate you framing it this way excellent piece.

P.S Hefei was my City 1 of 707 cities of China, am now in City 13. Each week I cover 1 City. The pattern is the same even in completely different areas of focus. Its not just in Tech.

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