Funny, I gave a tech talk at the Chekku (Garage) cafe a few years ago, and even then it had a pretty impressive energy in the place. The host that set it up expected maybe 15 people to show up, over 150 did.<p>China was and still is lacking some very important infrastructure for successful business development: a stable legal and contracts system, strongly enforced property rights, institutional access to capital, investment focused on demand rather than supply (see also ghost cities), and a well regulated stock market more based on revenue than pure speculation (not that the events of the last 10 years in the US stock markets haven&#x27;t shaken my opinion on their strength).<p>Chinese entrepreneurs make up for these business problems the same way people that lack resources do in the states: through hard work and sheer tenacity. They&#x27;re hungry for progress, and at the end of the day, that&#x27;s what builds an economy.<p>I met some great people at Garage cafe that night, and they left a strong impression on me that Chinese entrepreneurs are going to do some really impressive stuff over the next ten years.<p>If you&#x27;re ever in Beijing, I highly recommend spending an evening there. It was the highlight of my trip.