I've been to Hong Kong (pretty cool place) but never to mainland China. I have a cousin who has lived in China for the past 5 years. He likes living there but is glad that he gets to return here, and not just because this is home. Air pollution, government control of communications (internet), racism, etc. have all been problems for him. Of the many people I know who have visited or lived in China, one of the most typical comments is that the experience made them more grateful for what they have in America. As for innovation, I agree that those two things aren't mutually exclusive. If there is a significant amount of original innovation going on in China I would be interested to hear about it.