This article taps into the fear of all U.S. entrepreneurs. We know that China can manufacture more quickly and more cheaply. It might even be able to do it better.
We acknowledge that China’s advantages are no longer in just the manufacturing realm and are now moving to the technology domain.
However, we have always held onto the idea that we excel at innovation. The current cultural emphasis on creativity and innovation is the direct result of our belief that our competitive advantage now lies in our ability to generate new ideas and to turn those ideas into innovations.
This article argues that this advantage might soon be disappearing:
http://www.wired.com/techbiz/it/magazine/16-04/bz_china