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The rise of Chinese innovation.
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<blockquote data-quote="Scubadude" data-source="post: 946413" data-attributes="member: 17459"><p>The trend started long before the US trade war. China's R&D expenditure increased 10-fold in less than a decade and now produce more engineers and scientists than any other country, bar Trumpville. </p><p></p><p><img src="http://fingfx.thomsonreuters.com/gfx/rngs/USA-TRADE-CHINA/010061ME3GS/CHINA-TRADE-RESEARCH.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p></p><p>As a result the number of patents registered every year keeps on increasing.</p><p></p><p><img src="https://d2dzik4ii1e1u6.cloudfront.net/images/lexology/static/8be621ad-bb08-40a4-b8a7-a506c21f98d1.PNG" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p></p><p>And that is not just reverse engineering, replicating, copying, knock-off. A decade ago China started registering more patents than the US. In the same year the ratio of home-grown inventions vs imported technology swung in China's favour.</p><p></p><p>I've met dozens of Chinese engineers over ten years of traveling there on countless technical sourcing trips ... exceptionally knowledgeable people almost without exception. Ignore or underestimate China at your peril.</p></blockquote><p></p>
[QUOTE="Scubadude, post: 946413, member: 17459"] The trend started long before the US trade war. China's R&D expenditure increased 10-fold in less than a decade and now produce more engineers and scientists than any other country, bar Trumpville. [IMG]http://fingfx.thomsonreuters.com/gfx/rngs/USA-TRADE-CHINA/010061ME3GS/CHINA-TRADE-RESEARCH.jpg[/IMG] As a result the number of patents registered every year keeps on increasing. [IMG]https://d2dzik4ii1e1u6.cloudfront.net/images/lexology/static/8be621ad-bb08-40a4-b8a7-a506c21f98d1.PNG[/IMG] And that is not just reverse engineering, replicating, copying, knock-off. A decade ago China started registering more patents than the US. In the same year the ratio of home-grown inventions vs imported technology swung in China's favour. I've met dozens of Chinese engineers over ten years of traveling there on countless technical sourcing trips ... exceptionally knowledgeable people almost without exception. Ignore or underestimate China at your peril. [/QUOTE]
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The rise of Chinese innovation.
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