There is no doubt that China has advanced technologically, but way too 
much of the credit has gone to the post 1978 reforms.  In fact, China 
had a well developed technical capacity that was built during the Mao 
era that the reform government was able to build on.  Pre-reform most of 
that technology was tied up in the defense and capital goods 
industries--like computers.  After the reforms were introduced those 
gains were channeled into the consumer goods industry.  Thus the lesson 
here is not that market reforms generated technologies from nothing.

Lenovo is a good case--it was started by the Chinese Academy of Sciences 
and given free the innovations of the Academy and even some of its 
personal.

Lenovo is also a good case for showing the technological limitations.  
Lenovo has indeed purchased IBM's pc business, but having done so it has 
not localized any of the operations--it continues to rely on Taiwanese 
producers and US based Research and Development.  Not surprisingly 
almost all exports of computers from China are produced by Taiwanese 
firms.  In fact, some 90% of high-tech products exported from China are 
by foreign companies.  And increasingly those foreign companies are 
taking domestic market share away from Chinese companies in high-tech 
markets.

Here is what BusinessWeek recently had to say about Chinese 
technological capacities:

“delve beneath the muscular statistics and hype about advances in
strategic industries, and China doesn’t seem so prepared to catapult
into a role of global economic leadership. Experts familiar with highly
touted Chinese achievements such as commercial jets and high-speed
trains say the technologies that underpin them were largely developed
elsewhere.” China exported $416 billion worth of high-tech goods in
2008, “but subtract the mainland operations of Taiwanese contract
manufacturers and the likes of Nokia, Samsung, and Hewlett-Packard,
and China is an electronics lightweight….Most mainland companies
mine existing technologies and compete on high volume and low cost
in commodity goods.”




On 6/21/2010 8:48 AM, Jim Devine wrote:
>
> China is pretty high-tech these days, isn't it? Last time I heard,
> Lenovo bought out IBM's personal computing business, while there's a
> lot of high-tech activity going on there.
>    
>
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