One huge impediment of starting up in China is the legal hurdle. YC tries to help young hackers navigate the relatively easy legal formalities in the States, but China is ten times worse. Not only does it require much more money, but it also often requires political connections. Young hackers cannot even think about doing a startup without first considering funding and finding connections.
Also, working for Microsoft or Google, you can make very very good salary (perhaps multitude more than your folks), so if you're a capable young hacker, the typical path is going corporate or study abroad for grad school.
Before we can get a Chinese Jobs, we need a Chinese PG to insulate the potential Jobses from the legal mess, provide key connections and offer validation to family and friends.
Also, working for Microsoft or Google, you can make very very good salary (perhaps multitude more than your folks), so if you're a capable young hacker, the typical path is going corporate or study abroad for grad school.
Before we can get a Chinese Jobs, we need a Chinese PG to insulate the potential Jobses from the legal mess, provide key connections and offer validation to family and friends.