a relatively late entry in the tech race， China is making up for lost time by fast-forwarding progress in manufacturing. after slashing production costs and adopting cutting-edge technologies， the country is now focused on intensifying basic research and technology development and application.

Chinas increased investment in research and development starkly contrasts with the current global climate of economic downturn. Chinas real economy is facing new challenges， and operational pressures for businesses are mounting. The government is encouraging more innovative “public products” by funding research on public welfare and supporting enterprises with a series of new policies aimed at unleashing innovation. all these measures have laid solid foundations for the upgrade of Chinas economy， improving both quality and efficiency.

China has applied its technological advancements in the development of large aircraft， carrier rockets， quantum telecommunication， high-speed rail， and mobile telecommunications， to steer the economy in the direction of restructuring and further development.

China is expected to form an innovation-oriented economic pattern by 2020， featuring a group of internationally competitive innovative enter-prises and industrial groups. The shift to the new pattern will benefit the lives of all Chinese people and galvanize the world economy.