China's engineers to rival German engineers

This is scary news for Germany. The status as capital of engineering prowess is threatened by emerging China.

The Frankfurter Allgemeine Zeitung writes that "three images shape the perception of China abroad: China as the world's factory, as the world's biggest market and as a huge risk. It may be time to add a fourth: China as an idea factory, as a prime location for research and development."

Or, to put it differently: China is making its mark abroad. In low value added products, and now in the higher end value chain as well. This must be frustrating for many countries and companies, but can also be taken as a call for action.

(By Asia Business Consulting)