"Undisputedly, China has become the world's manufacturing powerhouse, accounting for more than two-thirds of the world's output in DVD players, children's toys, and microwave ovens, as well as half of all personal computers, digital cameras and kitchen appliances. However, China is not only a low-cost manufacturing country, it is also in the process of transitioning towards becoming a major source of global innovation, by creating pioneering new business models and policy frameworks alongside the technical inventions the country has become known for. This book documents China's transition by highlighting the key elements, events, underlying trends and drivers that have contributed towards China's relentless progress in the realm of innovation. The book explores the innovation, research and development scene in China, whilst outlining the cultural and historical barriers to innovation and analysing the country's output. Individual entrepreneurs responsible for China's new economy are profiled, along with the research institutes and universities who are building the technological backbone that runs through the country. It concludes with a look at the anticipated trends for the future"--