China Innovation

China has been pirating, copying and ripping off the inventions and innovations of the west for the last 15-20 years.  You can go to any movie store in China and get a pirated copy of Titanic for less than a $1.  You can go into a computer store and buy a pirated copy of Microsoft Windows, with the packaging perfectly copied, for chump change compared to what it costs in the US.

In addition they have been the producers of the goods that the US has innovated and invented.  Made in China has often meant it was designed and created in the mind of an American, European or Japanese.  Now in the wake of their quick rise, China is now wanting to go from producing and pirating us to innovating and creating themselves.  They've already made strides in this area and will soon catch up to the rest of the world.  What will the world do when 1 billion minds are at work together.  Here is a CNBC interview of the authors of China Megtrends that I watched today.