Can we just link everything to the internet and call it China's new economy?

When I saw that China's No 1 air-conditioner maker Gree had announced plans to make an iPhone-like smartphone, I had mixed feelings about the long-awaited economic transformation of the country. Is this more innovation or a sign of another bubble in the making?

via South China Morning Post - Business feed http://ift.tt/1NsIcVU