Recent newsflow about China has been dominated by the Communist Party’s five-yearly plenum. But Gary Greenberg, Head of Emerging Markets at Hermes Investment Management, believes the real story of interest for investors is the radical shift from imitation to innovation within the country’s economy. As China’s technology sector expands rapidly, he assesses its transformative impact on the nation’s economy.
“Change is afoot in the global technology sector. Shenzhen is vying to become the next Silicon Valley – not in the immediate future, but perhaps in the next 15 years. And imitation by the world’s biggest factory is no longer the sincerest form of flattery. China is determined to be at the forefront of the next wave of technological innovation.”
