This article discusses China's shift from an export and infrastructure-focused economy to one centered around innovation. It notes that China has over 2000 business incubators and accelerators, 115 university science parks, and over 1000 venture capital funds focused on innovation. The article argues that China is adopting a strategy of acquiring technology from companies in Silicon Valley and other regions, bringing that technology back to China, and using it to develop competitive companies that can challenge global competitors. It concludes that China views the link between innovation and entrepreneurship as essential to reforming its economy over the next decade and maintaining GDP growth, with innovation expected to contribute 50% rather than the current 30% of growth.