| Summary/Abstract |
Not long ago, the Chinese economy was characterised by its labour-intensive industries. In the past 10 years, however, it has witnessed rapid industrial upgrading. The high-speed rail diplomacy, Alibaba’s historic initial public offering (IPO) and Xiaomi’s rapid rise to the third-largest smartphone producer in the world represent some latest developments. Both long-time China observers and Western mainstream media have begun to discuss Chinese innovation.
|