Business leaders both in China and overseas are suggesting that companies should be patient and tolerant of risk in order to successfully innovate and develop faster.
With the 5G era just around the corner in China, leading mobile and tech officials in China are suggesting more partnership are going to be needed to help the new technology grow and develop.
The 12th Summer Davos Forum will kick off later on Tuesday in Tianjin. The theme of this year's meeting is "Shaping Innovative Societies in the Fourth Industrial Revolution".
Jinjiang City in southern China's Fujian Province used to be known only as "China's shoes and clothing capital". Young entrepreneurs in the city are on the hunt for innovations to meet the challenges the affluent coast city is facing, as its economy transforms from one relying on low end manufacturing into a hub for globally competitive brands.
May 4 marks Youth Day in China in memory of the "May Fourth Movement" in 1919. On this year's Youth Day, follow China Plus to learn about a few young Chinese leaders in innovation and science.
The Minister of Science and Technology, Wan Gang, says the government is working to increase the speed with which China's technological innovations are transformed into practical applications.