Assembled in China but designed in California, Japan, or Europe.
Thats been the story of Chinas economic rise for the past 30 years.
Few if any of Chinas companies are considered innovative by global standards – and Nobel prizes for science remain frustratingly elusive.
But China wants to be more than the factory of the world and its government knows it has to move on from a “beg, borrow or steal” strategy on innovation if it is to keep growing its economy.
Will it be able to do this?