Steve Jobs is great at making "luxury" products and marketing them. Marketing high-end products is not what China is good at. China is good at other things, like actually building the products that Jobs markets.
But, the article isn't about who will be the next Steve Jobs - it is about who is going to fund the next Steve Jobs. Given China's economic growth, there is a good chance that the next Steve jobs could be funded by investors from/in China.
You're thinking of Steve Jobs circa 2008, who makes pretty white luxury boxes.
But the Steve Jobs that counts for is Steve Jobs circa 1978, the Steve Jobs that was making cheap ugly boxes that plugged into your TV. (And of course it was really Woz, but let's leave that aside for the moment.) The point is that Apple started and became big by being a low-end company, and only turned high-end once they were already huge.
Hmm. The Apple I/II wasn't just a cheap and ugly knock-off of another product though, it was an innovative machine that changed the way computers were built. It challenged the existing notions of what a computer had to be and how much it had to cost.
The closest analogue I can think of in recent years is the Eee PC, which interestingly comes not from China but from Taiwan. (Support for the notion that innovation comes more easily in democracies? It's only one data point, but still...)
"... But the Steve Jobs that counts for is Steve Jobs circa 1978, the Steve Jobs that was making cheap ugly boxes that plugged into your TV ..."
The (production) Apples you refer to have never really been ugly nor cheap. If I remember they had sleek design with easy to get at insides so you could add slots. They always seemed to be on, around the magical $2-3K dollar mark no matter what country you lived in. Who needs monitors when you could use a spare tv? I remember getting my first PC and asking if they had a card to support TV and got blank stares... "no you need a high quality CGA screen instead or an EGA for $$$ more"
Not historically. China used to be the go-to place for fine textiles and luxury in general. There's even a saying in Spanish - "un lujo asiático" (an Asian luxury). It describes hyperbolic opulence.
But, the article isn't about who will be the next Steve Jobs - it is about who is going to fund the next Steve Jobs. Given China's economic growth, there is a good chance that the next Steve jobs could be funded by investors from/in China.