China has now reached that point for an increasing number of products and services. Stealing intellectual property has enormously benefited Chinese companies. The Past Purloining Design Cases . China’s success in high-speed rail and telecommunications equipment prove that, under the right circumstances, Chinese companies can be global competitors in engineering-based industries. Many of its most talented graduates leave the country to study or conduct research in richer countries. And while the number of these degrees has been increasing in both countries, that growth has been far faster in China. What used to be a “copycat” market in new drugs has quickly become a “fast-follower”. It was a Shan Zhai hotel. Meanwhile, during the past ten years in China, central government funding in real renminbi for science and technology has more than tripled.America’s government can either accelerate its level of R&D funding, or be content ceding leadership to China. In areas like 5G and A.I., it has stated national goals for global industry leadership and aggressively directs government research and venture capital to complement industry efforts in pursuit of those goals. Copycat Co. is a restaurant/bar focused on authentic Chinese street food as well as classic cocktails located on H Street in Washington DC. startup company, most likely cash-starved but nurturing a new, unproven, but potentially powerful A.I. How to understand the world,The future of the university in the age of Covid. Sign up for our newsletter now.By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider With a larger number of customers than its competitors, a given company can invest more in R&D for product enhancements, will get more feedback from customers that can result in improvements in such products, and has more need for product modifications and production improvements to handle this larger number of customers. I regularly appear in the media and am a frequent speaker at conferences, universities and special events providing insight on Chinese business, China Going Global, Chinese politics and culture and Globalization 2.0.© 2020 Forbes Media LLC. In the Land Grant Act of 1850, the Pacific Railroad Acts of 1862-1866, and the many other state and federal initiatives that followed, railroads were provided land and indispensable direct government financial support. I provide companies with go to market, global e-commerce, expansion, consumer engagement, operations and supply chain strategies and implementation in China and Asia. Copied: Jaguar I-Pace At that point, it is hard not to be innovative. Why do Chinese companies copy? Though developed in the United States, there is now more experimentation in China using this new technology than there is here at home, thanks to the greater availability of government funding and a more liberal regulatory environment. Their belief is that government should not try to pick winners, because government so often gets it wrong. In fact, if the United States doesn’t assertively respond, this will readily happen.The numbers speak for themselves. ".Copycat China threatens both foreign companies and China itself, in the following ways:All of the above reduce China’s competitiveness and help prevent it from moving from being the factory to the world to being a real innovator, hurting overall growth.
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