Chinese touch key to the success of English product

While some Chinese companies are keen on acquiring technologies from developed countries, Wang Jialiang's high-tech startup survived by providing innovative products for the developed markets.

"China should export more intellectual property and technology innovations," said Wang, CEO of TouchPal, a mobile software developer.

"If China would have tens of thousands of small and medium-sized companies that are based on high-tech, then technology innovation would definitely drive China's economic development to a higher level."