Investor and former Coinbase Global Inc. (NASDAQ:COIN) CTO, Balaji Srinivasan, is calling attention to China’s model of city-level industrial specialization, while hinting at something similar for the United States.
China’s Cities That ‘Specialize In Specific Products’
On Sunday, in a post on X, Srinivasan said, “China has many cities that specialize in specific products,” while citing examples such as “Cixi for hair dryers, Wenzhou for lighters, and Ningbo for home appliances.” He likened the model to Detroit’s legacy in auto manufacturing and emphasized how spatial clustering has long existed in cultural sectors.
“We’re familiar with this idea for cultural sectors, like NYC/Shanghai for finance, Silicon Valley/Shenzhen for …Full story available on Benzinga.com
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