A knowledge economy that works
In an opinion piece for the European edition of the China Daily newspaper, he says China should make good use of its advantages in manufacturing and build up design and technology innovation.
Though the Chinese government has expressed its eagerness to transform China from being the world’s manufacturing hub to a knowledge economy, it needs to tread carefully, he says. He adds that it is wrong to conceptualize the knowledge economy as a world without manufacturing, because manufacturing is an essential step in capturing value from ideas.
Read the full article here.