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Saturday, November 13, 2010

Innovation in China

 The question is can a planned economy successfully nurture innovation?  It's one thing to have the trains run on time and in the right direction, but to figure out new types of trains?  The challenge with patients is looking for ones that are successfully commercially, and just not at the number of patients.  Which would you rather have, a 100 junk patients or 1 gem of a patient?  With China's current system the 100 junk patients have more value than one gem.

Chinese firms are filing lots of patents. How many represent good ideas?

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