Chapter 51 23. Innovation and Technology

Will China regain its former glory?Among many technological innovations, China produced gunpowder, the wheelbarrow, printing, casting iron, magnetic compasses, suspension bridges... and many other important achievements! If the torch of innovation has been passed to the West, will it return to the East?China is ready to meet the challenges of high-tech industries and to surpass technologically advanced countries.China has left other countries far behind and is at the forefront! In China, the research and development of new and cutting-edge technologies can be seen everywhere in the country, covering various fields and departments.As part of the upcoming twelfth five-year plan, new energy will play an important role in China's economic development.

New strategic industries will become the driving force of China's economic growth.These emerging industries include the following seven aspects: new energy vehicles; energy saving; new generation computer technology; biology; High-quality equipment manufacturing; new energy; new material. New energy, new materials and biotechnology are the most promising industries that will start a new industrial revolution. As part of the development of technological innovations, new hybrid vehicles will occupy an important place in the Chinese market.Currently, Beijing has more than 4 million vehicles.Due to the increase in purchasing power, the increasing potential customers of the automotive industry will face the problem of traffic jams.

Replacing gasoline and diesel vehicles with electric vehicles will be a promising market.In China, whether for domestic or export, new energy vehicles will win its golden age. Chinese experts, researchers and engineers are becoming more and more qualified.Considering the necessity of technological innovation for sustained economic growth, China has created normative standards, such as the application of patents.Whether in various fields such as telecommunications, information technology, office work or medical care, these Chinese scientists and their research centers are increasingly dismantling the strategic layout carefully established by Western companies.

For large-scale urban construction, land planning, and fields such as chemistry, hygiene, communication, industry, and agriculture, there are more and more high-tech applications, especially in data communication, telecommunication networks, and wireless Internet access (wifi). China's telecommunications companies, such as Huawei and ZTE, are already competing directly with Ericsson and Nokia. As one of the leading electronic equipment manufacturers in the world market, China's Huawei (headquartered in Shenzhen) is one of the world's leading suppliers of new-generation networks for telecom operators.Huawei has been paying close attention to the needs of customers and formulating marketing plans based on this.In the field of information technology, it provides software, hardware and special services for global computer networks and telecommunications networks.

The ZTE Corporation is not well known to the general public, but it is the Chinese mobile phone manufacturing giant.It also appeared in Shenzhen more than 20 years ago.The "behemoth" stumbled along in Apple's footsteps, joining Huawei and other luminaries in the industry to bring panic to advanced industries in the West. China has strong strengths in innovation, high-tech and biomedical research, such as Beijing Sinovac Biotech.The company was the first to launch an H1N1 vaccine in the international market.Headquartered in Shanghai, it specializes in research in agricultural and engineering sciences, while designing in the field of life sciences.

Beijing Sinovac's collaborative work with 55,000 students aims to become an authority in the biomedical field by 2015. By 2015, China wants to increase the share of investment in “next-generation” technologies (currently 2 percent of GDP) to 8 percent of GDP by 2020 and 15 percent by 2020. The 12th Five-Year Plan predicts that the service industry and cutting-edge technology products will account for a considerable proportion of the 1.107 trillion euro investment. These investments are especially inclined towards products with high added value.The new policy will benefit the development of China's electric vehicles, renewable energy, high-quality processed products, high-end information technology, green products and cutting-edge technologies.