The Chinese are very good at copying things but are short on the engineering wherewithall to create on their own. They are a newly industrialized country so naturally their growth rate is high, but that growth is on the backs of outside technology. Their economy is not transparent, it is a closed book, and is only what they profess it to be which may not be true.
While I can admire them with one ot the oldest contiguous cultures I must wonder at their backwardness at having industrialized only in the late twentieth century.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.