http://www.mckinsey.com/global-themes/china/the-ceo-guide-to-chinas-future?cid=other-alt-mkq-mck-oth-1612
... encompassing 10,000 in-person interviews with people aged 18–56 across 44 cities found that 50 percent now seek the best and most expensive offering, a significant increase over previous years
...China’s ambition to go from absorbing and adapting global technologies to being an innovation leader is a key plank of the productivity-led model. ..g the potential to carve out a world-leading position in pharmaceuticals, semiconductors, and communications equipment in the way that it has done in high-speed rail and wind turbines (global revenue shares of 41 percent and 20 percent, respectively).
...R&D spending in China rose by 120 percent between 2007 and 2015 and is expected to accelerate over the next five years, across a variety of industries, as companies expand their design centers (Exhibit 4).2The challenge for many China-based design centers will be to move from a focus on making products for local markets to developing innovative new products for global markets.
...But China appears to be ahead of the game in at least two areas: the pace of innovation and the quality of the mobile experience there, and the use of geolocation, according to the former president of Amazon China, Doug Gurr. “There’s very little mapping in China, and there are many areas with no street addresses, but China has solved these logistics problems with geolocation,”
...The willingness of Chinese consumers to buy innovative products...
...The opportunity for Chinese companies to accelerate their growth outside of China can get a boost from the One Belt, One Road initiative...budgeting close to $1 trillion for the initiative
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