Three key areas for next wave of innovation

Editor's Note: In a recent interview with 21st Century Business Herald, Yossi Vardi, a renowned Israeli high-tech entrepreneur, spoke highly of China's endogenous technologies. China Daily summarizes his main ideas from the Chinese-language report:

In the past, the general impression of China was it was a highly efficient producer that manufactured many products, but now that has changed. People believe it is an innovator that can create many high-tech products. For example, its popular real-time communication app for smartphones is highly competitive.

I think we can compare China's innovation to a wheel that's going forward at great speed. In 2017, China had 1.5 million engineers, the highest in the world and three times that of the runner-up.