Home Views Commentary

China takes the next step beyond innovation

Daryl Guppy
Daryl Guppy7/10/2017 8:0 AM GMT+08  • 6 min read
China takes the next step beyond innovation
SINGAPORE (July 10): There remains a popular idea that China is a nation of copycats, with stores full of fake goods created with ideas stolen from others. There is an element of truth in that, but ironically, this copycat mantra is itself copied and repe
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (July 10): There remains a popular idea that China is a nation of copycats, with stores full of fake goods created with ideas stolen from others. There is an element of truth in that, but ironically, this copycat mantra is itself copied and repeated ad nauseam by everyone, from the US president down to the man in the street. It is the same style of thinking that was applied to Japan in the 1960s, when the country had a reputation for cheap copies rather than innovative products.

This ill-informed perception of China is an exercise in ignorance, but more importantly, it blinds us to the vast R&D industry that underpins the country’s new economy. Chinese telecommunications manufacturer Huawei Technologies runs R&D centres in China that dwarf their counterparts in the US.

But it is not just research that poses a challenge. It is the new thinking that goes with the research. Three examples sum up the nature of the competition.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.