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.