Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Businessweek Archives

Innovation Is A Big Deal In China.

Intel Vs. The $100 Laptop For The Bottom of The Pyramid. |


| Learning to be Like Apple, Nike, Starbucks, Nokia, P&G and Other Creative Companies at Stanford.

April 04, 2006

Innovation Is A Big Deal In China.

Bruce Nussbaum

China's new 5-year plan is all about innovation. Check out this package of stories on innovation in China.

Beijing is putting huge resources into making the country an innovation powerhouse in the decade ahead. Good thing. Wages are soaring all along the coast, with compensation for managers, professionals, scientists--and manufacturing employees rising by double-digits every year. Already low-value manufacturing is leaving China for Vietnam and elsewhere. One key factor is demographics--that one-child policy is causing a dearth of workers along the coast. The other reason, of course, is demand. China's economy is booming and the demand for blue and white-collar labor is off the charts. China needs to innovate to get to the next level.

Beijing is leading a state-sponsored, macro-economic effort to get to that level. India is taking another path, a micro-economic push to develop. Which is the better path?

08:18 PM

India vs. China in Innovation

TrackBack URL for this entry:

India's micro-economic push brings more people towards proper education, health-care and basic amenities. though India may not be investing a lot of money in R&D, its investing in creating a country where every-man has equal opportunities to conquer globalised world.high end R&D requires hell amount of money and not all the investments bring in positive results.india cannot do this.there are many mouth's to feed.

today's generation is the product of the govt. investment's in providing basic amenities. in the last few years we see many indian people hitting the world.we see many indian companies pushing for innovation and spending more on R&D. the govt. is putting in a quite a bit of money in R&D,but the govt is pushing the private sector to invovate and in this process created the new patent law(2005).only when the poverty in the country come's down, the country can flash more money for R&D, till then its better that govt provide the basic amenties and right environment and let the people decide where they want to go.

Posted by: vishnu pindi at April 5, 2006 11:24 AM

Key conditions for innovation are the freedom of expression and the freedom to challenge the status quo even at the seat of power. That said, I'd put my money on India.

Posted by: steve baker at April 5, 2006 12:36 PM

I must agree with Steve. This article

referencing the Chinese 5 year plan, ends with this interesting little snippet,

But there is a long way to go before China becomes a truly global design workshop.

"The design business in China is, to a large extent, backed by the government," says Song.

"Only when most domestic firms' awareness of the importance of design rises significantly can the country become a global design centre. And that could take a long time."

Posted by: Niti Bhan at April 6, 2006 03:23 AM

blog comments powered by Disqus