> China's strategy is innovation, science and productivity. We on the west seem to like consumption before everything else and IMHO we are doing it wrong.

What is this even supposed to mean? You can't have productivity without consumption - who are you producing things for? Well, consumers - duh.

China is the beneficiary of having relatively low marginal costs, but it's worth noting that's been changing and production has been moving out of China and into other cheaper regions - i.e. Vietnam.