Re: You can't just go any copy high tech without a long-term investment
With all respect, no-one has a longer investment horizon than the Chinese.
Think of a typical large Western industrial corporation with a thousand engineers.
Think of the equivalent Chinese corporation, with TEN thousand engineers. Really big state-funded research-y type places comparable to IBM, Boeing, General Dynamics, Microsoft, General Electric , could have a hundred thousand engineers, all growing by leaps and bounds as we in the West retrench.
And Chinese engineers have high IQs, do not consider Crystal meth as a type of sweet, and probably have management that is allowed to manage smart people instead of <quote>"micromanaging every half-wit I can afford"</quote>, see Scott Adams Dilbert 2013-11-23