Could China possibly produce something not couterfit. I mean shit. A country that once built a wall that has lasted centuries has now been reduced to knock off baby formula and condoms.

And Ghana has a FDA? Wow, I am shocked.

 

We had an intern from China last summer and it really cracked me up the way he described the general mentality over there in 2 words: COPY PASTE

It's like they literally wait for the US and rest of world to innovate and create with new ideas and then immediately try to duplicate a cheaper or straight up counterfeit version. Seems like they don't have one ounce of creativity.

 
adapt or die:

We had an intern from China last summer and it really cracked me up the way he described the general mentality over there in 2 words: COPY PASTE

It's like they literally wait for the US and rest of world to innovate and create with new ideas and then immediately try to duplicate a cheaper or straight up counterfeit version. Seems like they don't have one ounce of creativity.

The counterfeiting process actually does require quite a bit of creativity. I mean, would you think to make soy sauce from human hair? I know I wouldn't.

 
eliteculture:

I blame it on the current government adminstration. They don't respect copyright and patents. Why do you think smart chinese PHDs keep wanting to come to the USA?

What a moronic argument. There is tons of innovation in China, and I would say, in regards to consumer goods, there is far more innovation in China than there is in the USA. I talk from going to tradeshows in China for both pharmaceuticals and consumer electronics.

Are you really connecting patents and innovation? There are great natural experiments that show how destructive and useless IP is. In the EU there are no software patents, I guess there must be no software innovation!!!

I am not cocky, I am confident, and when you tell me I am the best it is a compliment. -Styles P
 

I said they don't respect copyrights and patents, you see knock-offs of everything and the government doesn't do jackshit to protect the original idea. Would you put in the time and money to develop a product when you know that once it is completed, there will be knock offs on the street corner? Patents are there to protect the original idea not the copycats. If you mean the copycat version of innovations, yes China has THEM.

I don't connect patent and innovation but I believe that incentives drive the innovation. If Chinese government can't protect my idea, I will take it to the US where I can get a better return on my idea.

 
Best Response
Jb2888:

From a pure profit standpoint though, it is arguable that copiers are more profitable then innovators. Maybe China doesn't have it backwards.

I suppose. That is until there is a backlash or you actually need to be an innovator. And how about making a decent copy. Japan started out as a low cost manufacturer also, but advanced into making high quality items. China seems to be slow rolling that process.

Even Chinese people don't trust Chinese products. A great article in B week about the black market for baby formula.

 
<span class=keyword_link><a href=/resources/skills/finance/going-concern>Going Concern</a></span>:

Ziploc bag + rubber band

i know a guy that used saran wrap a bunch of times

I eat success for breakfast...with skim milk
 

Dolor omnis enim hic officiis. Dolor nihil magni ducimus unde animi. At numquam ut sapiente aut dolor repellat exercitationem. Et nihil expedita eius ipsa asperiores voluptate.

Assumenda voluptatem iste deserunt maxime perferendis quos. Voluptatem error minima enim. Earum velit animi alias esse atque illo.

Laudantium et vel fugit est quidem cupiditate. Ullam repudiandae cupiditate ipsa est dolorem. Ipsa cum magni est neque et ut. Rerum rerum autem veniam sit. Sunt facilis nihil eveniet architecto. Omnis non provident autem at ut officiis quaerat.

Ipsum totam voluptas laudantium. Aut voluptatem rem voluptatum reprehenderit. Quidem quam molestiae odit. Nisi quia fugit quam esse quis a. Voluptatem incidunt veritatis reprehenderit qui voluptatem sint facere. Quibusdam dolores sunt est qui dolor enim et.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”