Upstart Chinese Telecom Company Rattles Industry as It Rises to No. 2

In this article, Kevin O'Brien talks about Chinese telecom company winning an important contract in Scandinavia, battling such competitors as Ericsson and Nokia. According to O'Brien, the company has won acclaims for its innovation, competence, and low cost structure. As a result, currently it has one of the highest sales in the industry and continues to gain market share.

This article is very interesting since it shows how innovation is possible in an economy, which is not fully market-based. It also shows how China successfully goes through transition allowing for enough freedom for companies to innovate.