Created-by-China to spread

China's economy will enter a new phase, as innovation becomes a personal pursuit for entrepreneurial success.

Despite innovations from ancient times, the Chinese people's innovative capabilities, and their ability to transform ideas into results have long been out shined by the huge demographic dividends, but now it is time to transform Made-in-China to Created-by-China. The country is ready to be seen as an active player in innovation rather than a follower.

According to the Organization for Economic Cooperation and Development, China's absolute input in research and development was $311 billion last year, which surpassed the $292 billion total of the 28 members of the European Union for the first time.