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China lacks technology know-how because it is an imitator rather than an innovator an irony for a country that has invented a number of products that have changed the course of history.
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The first assumption is that China is in a position to deal with the negative effects of an appreciating RMB, as Japan did with the yen appreciation in the 1980s by accelerating its transformation from an imitator to an innovator.
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But China has yet to take this step, as it lacks the technology and management know-how, remaining an imitator rather than an innovator an irony for a country that has invented a number of products that have changed the course of history.
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My first reaction to finding out I had an online imitator was to laugh.
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Now that we've been introduced to an unapologetic Nazi imitator, you can only wonder who's next.
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