Innovation accounts for a sizable portion of economy-wide growth in productivity, especially in high-income countries. According to the 2011 World Intellectual Property Report ‘the Changing Face of Innovation’ recently released by the World Intellectual Property Organization (WIPO), innovation-driven growth is no longer the prerogative of high-income countries alone. Low and middle-income economies including China have […]

When the top two Chinese home appliances retailers, Gome and Suning gained a third of the consumer market for the home appliance industry, they probably never considered the possibility of any potential threats from smaller appliance retailers with fewer resources. But over the past seven years, the domination of the appliance market by these two […]