China: Innovator or Thief?
China's latest factory data is the worst in 3 years. What's wrong with China's business model? One expert says it's partly founded on IP theft, stealing western business ideas.
China's latest factory data is the worst in 3 years. What's wrong with China's business model? Mark Anderson is CEO of InventIP, a consortium of US companies and experts who've put together a report, claiming that some 50% of Chinese growth in recent decades has been founded on the stealing of western business ideas, via old-fashioned industrial espionage and more sophisticated state-sponsored hacking. He exclusively tells the BBC the basis for his claims. And we also hear from Chinese author Edward Tse, who says the old stereotypes of Chinese companies leeching off western technology and possessing few ideas of their own is outdated. He's spent years advising Chinese companies, and in a new book, China's Disrupters, he claims a new genuinely entrepreneurial and innovative spirit has transformed the country's business climate.