Earlier quoted context omitted.
This claim gets made a lot, especially by China's government in it's "four great modern inventions" marketing campaign. [1] I don't get it. None of those are Chinese inventions. They're all technologies China adopted really fast. It's a testament to market size, development speed and certain idiosyncrasies about Chinese demographics, etc. But it has nothing to do with invention or innovation. [1] http://www.chinadail…
What's worth more, inventing something or commercializing it? It sounds a bit like USA vs Israel. Israel invents a lot while the US commercializes on a bigger scale. If the US isn't very good at developing new products because of burdensome regulations, small market size, slowness, demographics, etc. then maybe it's just not very good at technology. Other countries are bad at technology because of poor education, acc…
It isn't that interesting to say China has a huge mobile payments market dominated by Chinese companies when that is almost entirely due to a lack of an existing CC infrastructure.
It is interesting when Chinese network companies (Huawei, TP-link, etc.) are able to out-compete US based companies in their home market.