Christopher Balding, Bloomberg | Tuesday June 14, 2016
China's Xi Jinping recently declared that he wants China to rank as one of the world's most innovative countries by 2020 and to top the list by mid-century. Going by past practice, this probably means a lot more money being poured into dodgy startups and ill-conceived high-tech schemes. There's a better model to be found, however, one that's surprisingly close to home...