For China, innovation is the key for development

Global Business

China innovatio

China says innovation is the core route for development and it’s something the government is emphasizing as the way out of an economic slowdown. CCTV’S Han Bin visited a research institute in the eastern province of Jiangsu.

For China, innovation is the key for development

For China, innovation is the key for development

China says innovation is the core route for development and it's something the government is emphasizing as the way out of an economic slowdown.

Highlights:

  • Graphene was first isolated in 2004 and China invested quickly to commercialize it.
  • The Jiangsu Industrial Technology Research Institute began product development in 2011.
  • Deputy Director Hu Yidong says graphene’s advantages are clear, and they expect to make some $5 billion in sales over the next three years.
  • Graphene makes copper alloy rod stronger than titanium. It makes mobile phone touch-screens more sensitive and graphene’s anti-corrosion properties help batteries last longer.