Name me one innovative project coming from China, US vice-president Joe Biden challenged his audience. CNN took up the challenge and lists four major ones. “Biden is playing to an outdated idea of China, says Shaun Rein, author of the upcoming The End of Copycat China: The Rise of Creativity, Innovation, and Individualism in Asia.
“Biden is playing to an outdated idea of China,” said Shaun Rein, author of the forthcoming book “The End of Copycat China.” “He is underestimating the rise of innovation in China.”…
Rein sees the current innovation drive as a sea change.
“Chinese companies are now focused on innovation because they recognize there is so much profit to be made,” Rein said.
American firms should be on notice. China is dreaming up new ideas everyday. And the country has been perfecting its ability to execute complex production and manufacturing plans for decades.
“By saying this stuff, Biden is not preparing American firms, or really preparing America, for the threat of Chinese innovation,” Rein said.