3 ms·
Excellent points, about leadership in innovation - there are many ways in which the West still leads, and in many ways China is still merely a copycat - e.g., n
by toss1 5y ago
Excellent points, about leadership in innovation - there are many ways in which the West still leads, and in many ways China is still merely a copycat - e.g., note how critical China sees it to get access to the tech and local ownership.
But, China is advancing, making some genuine homegrown breakthroughs and is certainly much further along the learning curve than the West in many areas such as solar panels.
Mostly, it is key to note that China recognizes this, has a long term strategic plan and is executing on the plan.
Unless we make appropriate structural & strategic changes, at the very least, treating a far wider swath of tech as sufficiently strategic to require development & production at home or among allied countries, we are on a slippery slope.
Edit: Plus, by the time we see them making stuff as good or better than in the West, it will be too late to catch up. Those growth curves tend to be exponential (compound interest on knowledge gains, network effects of multiple experts or multipl6field leadership, etc.).