China is playing catch-up, not innovating. When you’re as far behind as China was 30 years ago, all you have to do is make yourself less awful to grow explosively. They became an economic success by emulating us somewhat, but the reverse will not hold true, because most places where they deviate from us they bias in the direction of more corruption which is hardly a good model.
China is playing catch-up, not innovating. When you’re as far behind as China was 30 years ago, all you have to do is make yourself less awful to grow explosively. They became an economic success by emulating us somewhat, but the reverse will not hold true, because most places where they deviate from us they bias in the direction of more corruption which is hardly a good model.