China leads in industrial innovation

Pioneering effort, progress in key emerging sectors breaking apart old stereotypes

China is much more likely to become a leader in innovation in key emerging industries - boosted by its young talent, government support and extending internet penetration - according to panelists attending the Fortune Brainstorm Tech International Conference in Guangzhou on Tuesday.

For a long time, China was not perceived to be an innovator in some Western countries, according to Jay Walker, founder of online travel operator Priceline.