“It’s not a million dollar question. It’s a trillion dollar question,” says Robin Li, CEO of Baidu, on the emergence of a Silicon Valley entrepreneurial ecosystem in China. Though the country’s economy is enormous, much of it is based on cheap labor and inexpensive manufacturing. Many in China, particularly those in government, says Li, are very interested in developing the country’s potential, but the task of replicating that kind of innovation has many roadblocks in its path.
