Silicon Valley really is here and now

Chinization is not in the English dictionary yet but it's only a matter of time, possibly days. It's the big theme underlying the CHINICT tech conference that opens tomorrow in Beijing, says its president Franck Nazikian.

"The Chinization revolution is already taking place in terms of global tech," the Frenchman says. "The center used to be Silicon Valley but now it's moving to China.

"I have been criticized by a lot of people for believing this. They say, 'You are wrong, there's no innovation'. But I can tell you in a couple of years the word Chinization will be on everyone's lips as China is the new innovation powerhouse."