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In laboratories and startups across China, tinkerers with big dreams are pushing what many in the industry see as a potential new wave of Chinese innovation. They see smart gadgets—wearables and other devices that connect to the Internet or interact with users—as an opportunity to create a Chinese-designed product for a global audience. China is betting heavily on innovation as a way to help its economy develop beyond its traditional reliance on factories, exports and government spending. At a meeting of lawmakers in March, top Chinese economic planning officials called for development of a new generation of smart gadgets as part of a broader effort to emphasize cutting-edge technology. China has invested in areas to help that process, such as a pledge this year to spend 120 billion yuan (nearly $20 billion) over an unspecified period to build its nascent semiconductor industry. Read full article via Chinese Gadgets Signal New Era of Innovation – WSJ.