The key aspect that the article missed is that

China lacks the innovative spirit!

Most people or companies chase after immediate profit but neglect investment in future R&D. China is #1 in counterfeit or knockout products but lags behind when iconic novel products are counted.

Those foreign companies which take the lion's share of the profits did so by holding the core technologies that support or enable those hot-selling products.

By investing in future technologies and truly innovative products, China can have a sustainable future in the world economy, not as the biggest manufacturer, but as the most productive inventor.

The world is changing. So should a nation as great as China which stands at a crossroad.

One muggle