Mobile tech spurring innovation in China

Mobile technologies account for about 4 percent of China's gross domestic product, an industry report said on Friday.

The nation is now home to more inventors in mobile technologies than any other countries except the United States and South Korea, according to the Boston Consulting Group, a research firm. The country is also seeing the rise of a vibrant application developer community, with approximately 1 million people working in the high-growth field - more than twice as many as in the United States.

"China has become a highly competitive place to import and assemble components into finished products, allowing the country to tap into its strong manufacturing base," the report said, adding the mobile sector now represents 3.7 percent of the GDP, with a 17.7 percent compound annual growth rate from 2009 through 2014.