China's path to innovation
"The past three decades have witnessed rapid economic growth and a fascinating transformation of China's economy and industry, from an economy dominated by agriculture to one that is referred to as a 'world manufacturing plant', from a small exporter of resource- and unskilled labour-intensive products to a major producer of manufactured exports. The total industrial output of China increased from USD 91 million in 1980 to USD 3,728 million in 2013, and the share of industrial products in total exports has increased from 50% in 1980 to more than 95% in 2012 (NBS, 2013)"--