For much of the past two years, China watchers have been increasingly vocal about the need for the country and its businesses to move from captive manufacturing towards creating entirely new products based on innovation.
As the United States economy has deteriorated, many of these voices have been motivated by the prevailing wisdom that once Chinese businesses make the adjustment towards innovation, price pressure on US manufacturers will decrease, and entirely new industries based on new products coming out of China will become possible.
Among the rationales that have so excited Western businessmen since China's opening are not only the sheer size of China's
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Author: Benjamin A Shobert