Future trends for manufacturing and possible impact on China

Fascinating [a bit of a hyperbole?] article about the effect of the internet upon manufacturing and its economic effects, especially upon China.

The Credit Crisis May Not Be China's Biggest Problem | Zero Hedge

The author, Asia Confidential, makes some suggestions about how China should prepare:

"China needs significant changes though, such as:

• Government-owned companies which dominate much of manufacturing need to be privatised.
• Small entrepreneurs need greater incentives including grants, tax breaks in key areas.
• The legal system needs to be changed to allow competition to flourish and re-dress when it's not allowed too.
• Better and more transparent licensing to give great security to manufacturers in their endeavours.
• Changes to education to encourage innovation and creative thinking. Currently, high schools and universities in China put far too much emphasis on learning via memorisation. I'd argue that this explains much of why China has excelled at copying the inventions of others in recent years, rather than creating their own."

My opinion is that these ideas, on the whole, could be applied equally well in the United States. Think about it!

In the mean time maybe I should buy stock in companies making 3D printers?