Innovation-driven upgrades key to China's sustainable growth

Economists have voiced their opinions that China will keep innovation and industrial upgrading at the center of efforts to ensure sustainable and stable economic growth.

"During the last two years, investors worldwide have become increasingly interested in stories about innovation in China. Now that they believe the stories are real and the innovations can indeed create value, they are starting to ask more questions and to look for the next big opportunity for investment," said Zhang Zhiwei, chief economist and head of equity strategy for China at Deutsche Bank.

At a recent media briefing on Deutsche Bank's 2018 China economic outlook, Zhang highlighted automation as a key area where disruptive innovation might emerge next.