China has a poor record on value-creation and capturing value of innovation outside the country itself. But times are changing, very fast, suggest IMD-professor Bill Fischer on the website Management-Issues. China might surprise the world again.

The internet has become an extension of my real brain, serial online entrepreneur Marc van der Chijs told last weekend a group of future corporate leaders in Switzerland. On his weblog he discusses how business changes because of the internet.

Shanghai-based serial internet entrepreneur Marc van der Chijs tells on his weblog how the internet culture in Europe is lagging, as he talks to a conference of future corporate leaders, who still have to find out the world has changed behind their backs. Unsettling, when you are used to China.

Professor Bill Fischer of IMD in Lausanne discusses how the digital cowboys of today are changing corporate landscape and how a failed leadership at larger companies have to deal with this impatient generation. “They do not accept premature mediocracy anymore.”

Author Bill Dodson muses in his hot pot podcast whether real innovation in China is possible when the internet has the slowest possible speed and keeps information away from the people who need it. He believes the censored internet curtails innovation.

Digital veteran Benjamin Joffe explains how innovation in China’s digital scene develops. How are China’s winning IT companies developing in a very competitive market, and how they make money.

After becoming the shop floor of the world, China is now focusing on its position as global innovator. IMD-professor Bill Fischer examines in Forbes whether those ambitions can become true. Counting patents is certainly not the way.

The People’s Liberation Army (PLA) conducted on June 1 its first test flight with the Silver Hawk UAV in the Binhai area, targeting commucation between navy vessels at sea, writes Wendell Minnick in Defense News.

Google might still be hoping to get another foot into the China market, but internet entrepreneur Marc van der Chijs reports now on his weblog that a local company is successfully filling the void for Google Streetview, already covering 41 cities.

China’s regulators have been scrapping preferential treatment of local firm to win procurement contracts from the government, originally meant to strengthen indigenous innovation. “It is a sign the government is listening to the needs of foreign companies,” says Shaun Rein in the China Daily.