Comment Trying everything plausible is how you progress (Score 2) 9
This sounds dismissive, but I wouldn't read it as such.
"China doing something first, however, has never been a reliable indicator that the thing will prove durable, economic, or widely replicable. China is large enough to try almost everything."
This has always been true, you can for example read the history of improving iron / steel production during the Industrial Revolution. Either you had existing outfit and capital to try things. Or you raised capital and set-up an outfit to try things. If you had something viable, you made money, if not, the world (and hopefully you) moved on.
And in the end VCs work more-or-less on the same principle (which is why at some point someone was trying to do Uber for xyz).