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"Oded Shenkar, Professor of Business at Ohio State University, has written widely on the Chinese economy, notably in his acclaimed book "The Chinese Century" (2004). He has argued that China has been one of the main drivers and a primary beneficiary of the emergence of a 'copycat economy', where imitators increasingly win over innovators in capturing economic value. It's a subject he explores further in his new book, "Copycats: How Smart Companies Use Imitation to Gain Strategic Edge" (Harvard Business Press). In this talk, he will discuss whether Chinese businesses will, in the coming years, succeed in adding innovation to their repertoire, and whether this could result in a hybrid imitation/ innovation formula which will enable them to trump the competitive advantage of the world's major multinationals - or whether these multinationals will respond by learning the art of imitation themselves. Edwin Chan of the Harvard Design School and Tony Chen of Jones Day in Shanghai will also join in the debate on innovation and imitation in China. Moderated by Russell Flannery, Shanghai Bureau Chief of Forbes magazine."

And the R&D money is not generating a commensurate volume of new patents. Taiwan manages five times as many a year and Japan 30 times. Most significantly, China isn't commercializing its inventions, a result of top-down-driven allocations of R&D money, not naturally innovative state-owned companies and a lack of a system of venture funding.

An article that looks at the open source hardware initiative.