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Almost four decades after implementation of its reform and opening-up policy in the late 1970s, China has become the world’s second largest economy, second largest trading nation, largest exporter, second largest importer and second largest overseas investor. China certainly has the capabilities to create huge development opportunities for the world.
China is making new contributions to global technological innovation. With a new round of industrial revolution coming, innovation has become the biggest driving force for the world economy. Throughout history, China has remained a standout in innovation, represented by its “Four Great Inventions”—papermaking, printing, gunpowder and the compass. In recent years, China has revived to become one of the leading nations in innovation in fields like quantum communication, super computers and powe r transmission. What’s more, China’s…