China’s Next Strategic Advantage: Innovation.
The Intheblack website reported that many people talk of China’s economic and industrial development as following roughly the same path as Japan and South Korea on a much larger scale. However, a key difference is open innovation, where businesses take a highly collaborative approach. China has worked hard over several decades to achieve collaborative joint ventures between its local companies and multinationals. The learning it has done in this process has left it well placed to go global in its innovation, and it is now doing just that.
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