4PLANNING INNOVATION?
Can China innovate? Does it have the spark to create whole new industries and technologies? For those who would lead, this is an important question. An ambivalent answer is provided by a 2012 joint paper by the China Europe International Business School, the Wenzhou Chamber of Commerce, the Benelux Chamber of Commerce, and Booz & Company. This survey of more than one hundred leading Chinese and international firms over five sectors (industrials, automotive, health and life sciences, consumer goods, and energy) inquired as to China’s capacity for innovation at present and in the future. The results showed that foreign firms viewed their Chinese competitors as almost as innovative as themselves (with 45 percent finding the ...
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