<The title ate my dog>
As a westerner living in China, i can believe most of this story. China has a plan that says, within the next 5 years it will be the top tech manufacturer in the world; they have already made a lot of headway it must be said.
Towns can pop up in about 3 months, from small hamlet to having 8 big factories. The government is pouring money in the right places and...in to officials pockets. Banks and lawyers are not Gods here like they are in England so things actually get done.
I would highly recommend the British government start saying FU to financial services and start putting money in to research of tech again if we stand even half a chance...The one thing China doesn't have (just yet) is the level of universities we have in the west. Again though, start saying FU to so many marketing courses though.
My two cents