Hi, this is Wayne again with a topic “Inside the world’s craziest gadget market”.
If we are in the place, which is nearby, of course, we got a lot of folk are make out of wood if we are near a place producing a lot of stone. We kind of folk are producing soul since then has no nature resource, but it has a gigantic and atrani manufacture base. So people here that experiment with electronics, because this becoming the nature resource of censored welcome to the Watchung Bay market, a gadget lovers, paradise tucked into these tiny stalls. You can find the parts you need to make a new phone tablet or computer. You can design a hover board or come up with the next big thing. Think of this as the front office for the massive electronic supply chain that stretches across China.
It’S not just a place to produce, but is also as a place to find components by inspiration and finding a new way of doing things. So we walk around that’s component for everything, the circuit board for everything, that’s casing for everything, and if you want to create a new product, it’s coming in and realized. I can put all this piece together and with the back in of this supply chain. This will be ready to ship in the mode.
This market is the beating heart of Shenzhen, a city built on the consumer, electronics industry. So Shenzhen was designated as these. The first special economic zone 30 years ago as the well China wants to experiment with capitalism. Center is the city of 15 million people, but it’s responsible for at least 80 % of the electronic for 7 billion people, 97 % of the PC and milk books are producing sentient. Some 87 percent of a mobile format producing center, along with whole sort of other electronics. The density of the manufacturer, the scale manufactured here is unprecedented. This is the hub serving the whole war’s name for electronics.
The watering Bay Market has long been known as a place where Outsiders could come to secure components and contract for manufacturing, but over the last decade it has increasingly moved up the food chain to design and engineer its own creations. Shenzhen has a very big industrial design. Industry 4,000 industrial design, house, 150 thousand working industrial designer so designs here, engineering is here, and this has been the advantage of the ecosystem. That’S how this ecosystem can pop up anything coming to their mind.
Some of this innovation is easy to see. The Shenzhen based startup DJI has emerged as the global leader in the drone market. Thanks to the engineering, talent and manufacturing base has access to in its hometown, but some of that innovation happens without a big brand name or media story. It was the rapid experimentation and iteration around gadgets in places like watch on Bay that gave birth to the selfie.
Stick and the hover board, which popped up in this market years before they became, hits around the world as Shenzhen evolves. So too has the outside perception of China and it’s placed in the world’s technology industry for years ago. If anyone any journalists come in, take a shot of this, the head light will always be China, copycat piratey, iPhone that has totally shift in the past four years.
Right now, the same footage: the subtitle is sentient innovations future you .