Innovation in China: From Brawn to Brain
Cheap China is no more. Manufacturers are realizing that inexpensive labor is becoming increasingly rare in the manufacturing haven. How will this impact China, and subsequently, the rest of the world? While companies are not about to shut down their China-based factories and bustle off to somewhere cheaper, China is being presented with a challenge: to become more innovative. But if China is to excel at innovation, the state must give entrepreneurs more freedom. And, for the country to continue thriving as a manufacturing hub, innovation in China needs to not only be permitted but prioritized too…
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