Monday, September 12, 2005

Beijing summit ponders innovation, IP and rise of China

Richard Wallace writes in the EE Times:

The rise of China as a global force for technology innovation emerged as a keynote theme at the World Economic Forum’s China Business Summit held here over the weekend.

But in interactive discussions throughout the summit, delegates cautioned that taking China’s technology companies global poses challenges due to several critical factors. Among these are a lack of innovation in product development, an immature domestic capital structure, and a critical shortage of talent in the ranks of top management.

The economic overtones of China’s technology development ambitions heard at the 2005 China Business Summit echo concerns voiced by tech industry analysts in the run up to the government/industry sponsored International Creative Industry Forum that took place earlier in the week across town, in northwestern Beijing’ Haidian District’s Zhongguancun Technology Zone.

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