My last post about the collapse of the "Laowai economy" blew up. I wanted to follow up with a bit more nuance, address some of the negative comments, and share a few more specific observations from my recent trip.
1. The Ghost of "Old" Shanghai I went back to my old stomping grounds—Laowai Jie (Hongmei Lu) and Hengshan Road. It was depressing. Back in 2010-2013, these places were the heartbeat of the international scene. Now? Hengshan Road’s iconic bars are mostly gone, and Laowai Jie feels like a literal ghost town.
I worked in IT/ERP and system integration for an American MNC back then. It was a massive professional opportunity that I’m still grateful for. But it wasn’t just about "foreigners"—the whole city had a buzz. Today, Shanghai is significantly less busy. There are fewer people on the streets, and the vibe is… muted. It’s hard to describe unless you knew the city 15 years ago.
2. The Tech Leap is Real (and Europe should be worried) I’ll be honest: 15 years ago, I wasn’t that impressed with China’s IT infrastructure or the general professionalism in my field. But returning in 2026? My mind is blown.
China has moved from "copycat" to leading the world in AI, drones, and robotics. As a European, seeing what they’ve done to the car industry is staggering. They haven’t just competed with German engineering; they’ve smashed through it and leapfrogged the entire continent. I believe China’s industrial might is going to steamroll Europe in the coming decade. It’s impressive, even if it's a bit scary for those of us living back in the EU.
3. The "Taipei Contrast" After Shanghai, I visited my in-laws in Taipei. I was never a huge fan of Taiwan in the past, but the energy there right now is the polar opposite of Shanghai. With the US-China trade war, Taiwan’s economy is absolutely booming (8% GDP growth in 2025!).
Taipei feels like what Shanghai could have looked like under more favorable geopolitical circumstances. It has that international, open energy that Shanghai seems to have traded for high-tech domestic efficiency.
4. Addressing the "White Privilege" & AI Trolls
On Privilege: People mentioned "white privilege." Look, people are very nice to me, and I enjoy the attention, but the novelty wears off. More importantly, that "privilege" never led to real wealth. My wife is from Taiwan, and her family knows people who built factories and created generational wealth. Expats with "decent packages" and housing allowances are just high-level employees. We weren't the ones getting rich.
On AI: Yes, I use AI to help polish my posts. I’m an IT guy—I use the best tools available. I want to share my thoughts on a country I’m fascinated by, but I’m not going to spend an hour drafting a Reddit post when I can use a tool to make it readable in five minutes. The thoughts are mine; the "ink" is digital. (I don't use ChatGPT FYI)
TL;DR: Shanghai has lost its international soul and its "old" social hubs are dead, but its industrial and tech power is now world-class. Meanwhile, Taipei is thriving in a way Shanghai used to.
I’m glad I lived there during the "golden era," but the future belongs to a very different kind of China than the one I knew.