BEIJING, Dec. 12 -- China's transition from a country that follows the world's technological trends to one that sets them, is no longer a blueprint -- it's a reality.
After years focusing on innovation, China caught up fast. From artificial intelligence and genetic engineering, to mobile payments and bike-sharing, Chinese firms are pulling ahead of their rivals.
Jeremy Rifkin, an economic observer and author of the New York Times bestseller "The Third Industrial Revolution," said China was becoming a global leader in the new revolutionary tide.
RISING INNOVATION
Silicon Valley has long been considered the most viable option for starting a business in the tech sector. Now, this is beginning to change. Known as "sea turtles," a growing number of overseas-educated Chinese are returning to their home country, turning down opportunities in Silicon Valley to make a splash in China's emerging tech sector.
As the number of Chinese students at overseas universities surged to 544,500 in 2016, the number of sea turtles also surged, with 432,500 returning to China last year, nearly 60 percent more than 2017, according to the Ministry of Education.
The reverse brain drain has benefited China's tech companies, such as Royole, a company founded in 2017 by "sea turtle" Liu Zihong, a Stanford graduate.
After working at IBM in New York for three years, Liu moved to Shenzhen and decided to start his own business. The 34-year-old CEO said the early days were hard, but "thanks to the government's preferential policies, we could focus on research and development in the early stage and grow fast."
【国内英语资讯:Yearender-China Focus: From follower to leader: China emerges at high-tech frontier】相关文章:
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