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China Aims To Move Up the Food Chain

Posted by kdawson on from the empty-the-cage-and-remove-the-bird dept.

krou notes reporting in the Christian Science Monitor that the current economic crisis is helping China's push into higher-end manufacturing by shaking out low-profit companies. The hope is that, instead of just assembling iPods, Chinese companies will be able to invent the next big thing instead. In this move China is following the well-worn path taken by Japan and the Asian tigers before it. "Last month, the National Development and Reform Commission announced revised plans to transform Guangdong and neighboring Hong Kong and Macau into a 'significant innovation center' by 2020. One hundred R&D labs will be set up over the next three years. By 2012, per-capita output in the region should jump 50 percent from 2007, to 80,000 yuan ($11,700). And by 2020, the study predicts, 30 percent of all industrial output should come from high-tech manufacturing."

3 of 257 comments (clear)

  1. Re:innovation starts now by Anonymous Coward · · Score: 0, Troll

    Indeed. They can't even get over the "no lead in the toys" hump and now they think they're going to innovate.

    Hint: they're not the Japanese. Aside from residing in Asia and have a trade surplus with us they have few other similarities.

    I'll be impressed when they quit screwing up their environment and rendering entire cities uninhabitable.

  2. Protectionism pays off by plopez · · Score: 1, Troll

    The Chinese have been engaging in protectionism for years now, by keeping their currency artificially low. It is in effect a sort of import tax on foreign goods.

    Now they are going to use it as a competitive advantage to move up the food chain.

    It has nothing to do with them being smarter or more hard working. It does have to do with them using an unfair advantage against the rest of the world.

    And don't flame me for being a racist, because I am not. In fact, by taking this position I am defending the majority of the world's population which doesn't engage in this type of protectionism. Asian, African, European, etc.

    So let the protectionism debate begin...

    --
    putting the 'B' in LGBTQ+
  3. Re:Culture by Nimey · · Score: 0, Troll

    They certainly invented a lot of ways to deal with Jews.

    --
    Hail Eris, full of mischief...

    E pluribus sanguinem