China's great secret

How did China succeed in achieving this economic, technological and economic leap? What is the secret of its success in various development sectors? The answer to these questions lies in five key components that have changed China's global role.

The first component of China's great secret lies in embracing scientific growth and placing it at the heart of all development plans designed by the Chinese government and followed by all government and private institutions. China has allocated huge sums to support scientific and technological research, exceeding 20% ​​of the allocated budget. For the Chinese government, scientific research seems much more important than providing services that can be transferred to the private sector.

The second component of the great secret of China lies in the adoption of the digital economy as a backbone for all other sub-economies, and the Chinese government provides many incentives to private sector institutions to support the digital economy more than any other economy, and you know that this works rapidly to support existing companies and establish new technology companies Support the technological future of China.

The third component of the great secret of China lies in the creation of new consumption patterns in China and abroad through the promotion of technological innovation that provides more than what is currently needed by man. This innovation gradually creates new consumption patterns that contribute to the economic system and enhance its growth. The technological economy cannot continue its rapid growth without the presence of consumption patterns that support the demand for it.

The fourth component of China's great secret is building a technology training system that builds successive generations of innovators and technology workers. Through these generations, China is working to acquire a very large proportion of the global digital economy.

The fifth component of China's great secret lies in changing the role of the government from providing innovative services to providing the innovative environment and the necessary tools that allow private sector companies to adopt the government's role in providing services.