Tech pilgrims flock to China as global innovation race heats up
Investors and entrepreneurs are paying thousands of dollars for rare access to Chinese factories, seeking a front-row seat to what many believe could be the next technological revolution.
Foreign investors and entrepreneurs are flocking to China to witness what many believe could be the next technological revolution. The influx is driven by concerns about a "China shock" 2.0, where Western businesses fear Chinese companies are gaining ground in advanced manufacturing and cutting-edge technologies. Shanghai-based data research firm Baiguan CEO Robert Wu has organized tours for over two dozen investors, entrepreneurs, and executives at a cost of up to $15,000 per five-day program.
Half of the participants came from Southeast Asia, despite misconceptions about China's robotaxi sector leading the U.S. Meanwhile, China's industrial tourism sector generated $17.8 billion last year, with projections to surpass 300 billion yuan ($44.6 billion) by 2029. Tech tour agency GloPen reports a 50% increase in inquiries in 2026 from European and Singaporean clients, and now conducts over 100 single-day company tours monthly.
Industry observers emphasize that visiting Chinese factories is essential for understanding the true scale and speed of Chinese innovation, as it provides a hands-on perspective that cannot be replicated online.
Written by urgent.news from Economic Times Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- Audi and SAIC Motor launch innovation hub for China brand investing.com
- Tech pilgrims flock to China as global innovation race heats up japantimes.co.jp
