China's innovation is flourishing faster than ever before. In order to surpass developed countries on science and technology as soon as possible, China has sharply increased research and development fund. Chinese universities and institutes are actively doing innovative researches, covering various fields of high technology, from big data to biochemistry, and from new energy to robots. They are also cooperating with science and technology parks in different places, so as to commercialize their fruits of innovation. In the meantime, to adapt to the changing foreign and domestic market, and to satisfy the growing demand, Chinese entrepreneurs are also making pioneering efforts to innovate their products and business models.
Innovation is progressing in an unprecedented speed in China. In order to catch up with those developed countries in the world as fast as it can in the science and technology field, China has increased funds for development research substantially in recent years. Universities and research institutions in China are actively carrying out innovation researches, which cover high-technology fields such as big data, biochemistry, new energy and robots, etc. They also cooperate with science park in various regions, commercializing the research results of innovation. Meanwhile, no matter in production and business model, entrepreneurs in China are competing to be pioneers in innovation to adapt to the constantly changing and increasing needs of the consumer market at home and abroad.