Sunday, June 26, 2011

A Technical Education

Premier Wen spoke at Eotvos Lorand University in Budapest. His speech as summarized by China Daily stated:


"To solve the troubles facing us now, such as the financial crisis, I think the fundamental way to get rid of the crisis is ... new discoveries, new inventions and a new industrial revolution," Wen said ... I'm not only interested in science, I hold it in awe and veneration," said the premier. The 69-year-old leader worked for 14 years in the mountains and Gobi desert areas of Northwest China's Gansu province after his eight years on-campus, during which he focused on geological structure.

The premier, nicknamed Grandpa Wen by admirers at home because of his common touch, shared a moment with a girl from a local bilingual primary school who is learning both Hungarian and  Chinese. 

The girl asked the premier how she can gain admission to Peking University when she grows up.
"As long as you work hard your dream will be realized. I can tell you there is an empty place at Peking University waiting for you," he said, smiling.

Interesting set of remarks.

1. China is truly pushing technical education.

2. Yet having a technical education does not make one an entrepreneur.

3. If there is an empty place in Beijing for someone from Budapest then why are there so many coming to the United States? Just a thought.

4. Science is a means to an end. New inventions and discoveries must find markets for their value to be delivered. Having just a new technology without a market is like having the world's best factory with no customers. The factory may work well but it soon closes.

Thus markets are essential. Taking the technology from proven idea to value added product is the task of the entrepreneur. Perhaps Wen knows that well, and perhaps this was just a tailored speech. Or perhaps not.