Entrepreneurs are rewriting rule book

New generation of startups confidently throwing business caution to the wind

Since the early 1990s, China has been the world's fastest-growing economy. It has opened its economy to the outside world with unprecedented speed and success.

In the process, China has also acquired a large number of critics, who claim that China's economic success is due, in good part, to unfair practices by China: its mercantilist trade regime, its currency manipulation that keeps the value of the yuan artificially low, its subsidies for manufacturers, and the alleged pirating of foreign goods and technology.