Information Technology and Economic Development - Yutaka Kurihara. List of countries by number of mobile phones in use. Information Technology and Economic Development - Yutaka Kurihara. Economy; China technology and innovation. It can easily appear as if China can make anything. Yet it makes goods not only at low cost, but now also of high quality, and this constitutes a particularly Chinese brand of innovation that enables China increasingly to shake up global markets.
After coming of age in China’s domestic markets, Chinese firms are now replicating their domestic success in global markets by competing on price and quality. The success of the likes of Huawei and Lenovo are indicative of an emerging trend of Chinese technology and innovation, yet China’s emergence is only just beginning. The export processing zones established in China in the 1980s initiated a complete transformation of China’s coastal regions. A tale of two firms In the 1980s the southern Chinese province of Guangdong became a national experiment for combining foreign investment and technology with the cost advantages of Chinese labour. Initially, Legend Computer (renamed Lenovo in 2003) served as a trading company for foreign merchandise. 8 Minute Video Tour: China Mobile Computing Trends | The China Business Network. Mobile Search Engines | The China Business Network. Innovation & Technology: Putting emphasis on ideas born in China or by Chinese thinkers | The China Business Network.