The rise of China's innovation

CHINA has long been seen as the "world's factory," churning out vast mountains of low-quality goods, but it is also considered a nation incapable of producing innovative products and ideas. Now, this is beginning to change -- China is closing the innovation gap. From drones to artificial intelligence, the Internet to genetic engineering, innovative Chinese companies are leading global innovation and reshaping the country's technology and business landscape. "There is a huge market with great opportunity," said Dai Xiang, co-founder and general manager of Enpower Energy, a manufacturer of aqueous ion batteries, which are cleaner, safer and more cost-effective than lead-acid batteries. After 20 years in the United States, working as a senior manager for start-ups in Silicon Valley, Dai decided to go back to China and start his own business.