Experts: Innovation will be one of the major drivers of China’s economy in the future.

FRAMINS CONSULT

At the concluded Summer Davos 2013, it was revealed that China is keen to tap into innovation to drive its next phase of growth.

China is trying to shape its future via innovation, said Hans-Paul Burkner, chairman of the Boston Consulting Group, at the Summer Davos Forum, which came to a close in northeast China’s coastal Dalian City on Friday.

He said no one should have any doubt about the innovation abilities of China, which is famous for its ancient four great inventions: the compass, gunpowder, paper-making and printing.

Innovation is a progressive process and there is no single model for it, according to Burkner.

“We are implementing the innovation-driven development strategy at a faster pace, aggressively promoting technological innovation and deep integration of science and technology with the economy, and are building a social environment friendly to innovation and business start-up activities,” Chinese Premier Li Keqiang said…

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