The Factors Behind China’s Growing Strength in Innovation

Western media has been quite critical of the Chinese miracle. The usual argument is that China has significant technology gaps, and that it has a long way to go before it can catch up with the West.  But drone company DJI is testament to China’s transformation from copycat to high tech innovation. Chinese companies are busy innovating based on three valuable and difficult-to-imitate advantages that will allow them to compete effectively with, and, in some areas, even overtake their Western rivals. The three advantages that Chinese companies possess are a next-generation manufacturing ecosystem, a pool of medium- and high-skilled workers, and a large domestic market.