During the few years that I spent doing business in both Beijing and Shenzhen, I can say with confidence that the majority of companies there are creating innovative new technology and are not simply "copying and pasting". Also, technology startups are not an "ideas business". They are an ideas with amazing world-class execution business. The latter is what determines the bulk of the value created by the company and is much, much harder to come by.
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During the few years that I spent doing business in both Beijing and Shenzhen, I can say with confidence that the majority of companies there are creating innovative new technology and are not simply "copying and pasting". Also, technology startups are not an "ideas business". They are an ideas with amazing world-class execution business. The latter is what determines the bulk of the value created by the company and is much, much harder to come by.