China today is no longer just copying Western technology, but piecing together its own innovation system. With its expanding economy and a stronger role by government, the new technology strategy is raising competitive issues for Silicon Valley companies — and policy issues for the nation.
Innovation can be transformative, which is often science-based and creates new industries or disrupts old ones, or incremental, which improves existing products or services. Both create value.
Image: Sean Randolph is senior director of the Bay Area Council’s Economic Institute. - https://www.bizjournals.com
