First, you copy.

Then, you set the standards.

China is increasingly setting the specifications for technology.

For example, many 5G and 6G specs come from the likes of Huawei, Chinese Academy of Sciences (CAS) & China Telecom.

Setting standards mean huge profits from patent licensing as well as capturing markets. Your products will always have an edge over the competition.

Qualcomm, for example, gets 25% of its profits from patent royalties.