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EnglishThe Valley of Death of Innovation

The Valley of Death of Innovation

It is still imprinted in my memory when a few years ago I visited Shanghai, China. The tour guide talked about the greatness of China, which has since become a global economic power.

Oleh Sudharto P Hadi
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REUTERS/JASON LEE

A U.S. dollar banknote featuring American founding father Benjamin Franklin and a China's yuan banknote featuring late Chinese chairman Mao Zedong are seen among U.S. and Chinese flags in this illustration picture taken May 20, 2019. Picture taken May 20, 2019.

It is still imprinted in my memory when a few years ago I visited Shanghai, China. The tour guide talked about the greatness of China, which has since become a global economic power.

There everyone works hard, everything is produced, to the point that a saying like this exists: "Nature and its content and everything that breathes is created by God, other things are created by China." Trivial products, household appliances, electronics and automobiles made in China have flooded the world market, taking over the export markets of Japan, South Korea and Taiwan.

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