Chinese Innovation in Retail and Technology
After a strong start, bringing the world the compass, gunpowder, paper, printing, loo paper and arguably football, many would liken China's recent innovation scene to the Gobi Desert. But scratching the surface a little provides a glimpse of the types of innovations we can expect to see coming from the Mainland over the next few decades, particularly in the consumer tech segment.
Ironically, it's China's ability to copy technology and reproduce it cheaply that is assisting with this innovation. The art of reverse-engineering hardware and software is creating an army of engineers with an intricate understanding of technology. It's also brought down the cost of a fully-featured smartphone to well under $100 - within the realm of almost every Chinese consumer.