Recent news of a slowdown in China combined with stock volatility and devaluation spooked markets worldwide and raised concerns that China might derail the fragile global economic recovery. According to Tom Manning, Affiliate Partner, these fears, while not baseless, were largely overblown. Instead, the real China threat is the country’s emerging technology innovation capability.
Just 25 years ago, Chinese technology companies could barely produce products in a high quality, repeatable fashion. This is, of course, no longer true. Today, China produces sophisticated products that require precision manufacturing. In this paper, Tom discusses China’s strategic pivot toward innovation and outlines seven actions that American tech managers should take now in response.
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