China won’t be a technological threat to Japan for another 20-30 years, an academic claimed.
Professor Toshihiko Kinoshita of Waseda University, Japan gave this reply to this reporter when asked about the threat emanating from China on Japan’s technological markets.
Chinese are traders, alleged Kinoshita. They copy Japanese and Korean products, he claimed. They are no respecters of intellectual property rights, he alleged. Other Chinese companies in turn copy their own local companies’ products.
“They neither invest in research and development nor on their employees, but instead they invest the monies made on other avenues such as on real estate in countries such as Japan which is not the way to go for product development,” he alleged.
Kinoshita was speaking at a seminar in Colombo recently on the topic “Lessons from Economic Development of Japan & Other Asian Economies” which was organized by the Japanese Embassy and JASTECA.
He also said that the quality of Chinese products were suspect. Further, China’s per capita GDP income was only a tenth that of Japan’s, he said.
Japan’s investment in R&D is 3.39% of its GDP. In contrast Sri Lanka’s was 0.19%.
China’s interest in the South China seas is because of its mineral and oil deposits, he added.
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