Chinese people think in long historical dimensions, dynasties to be precise. The Chinese are also traditionally convinced that dynasties come and go in waves. After 160 years of bankruptcies, misfortunes and mishaps between 1820 and 1980, a new period of prosperity is dawning. Now that China has largely completed its catch-up to modernization and they are able to manufacture top-quality cars and smartphones themselves, they have begun to return to the old innovative times. After all, China – a nation since around 200 BC – looks back at a long history of great innovative periods.
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