"The warning should be heeded by those western observers who, dazzled by China’s rise in basic manufacturing, breathlessly proclaim it is destined to become a global leader in science and technological innovation."Many of whom should know better that China's centrally driven economy has as little chance as Russia's technoparks of succeeding. I sat opposite one of the scions of Valley investing as he breathlessly proclaimed that China was the next "BIG" thing. He knew as much about China as I do about innovation in the UK; Enough to sound knowledgeable, little enough to be enthusiastic.
Innovation is about breaking apart business models; Skype is not a new technology but it has more innovation in its business model than the outstandingly technologically brilliant SJPhone had for breakfast. End result - Skype - $2.6+bn SJPhone 2.4Rbls.