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In the Shadow of the Dragon by William Dowell, Winter Nie

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TWELVEAll Roads Lead to Innovation

Students need to strengthen their theoretical knowledge. It is the foundation of their future work.

—Guan Tongxian, former CEO of Zhenhua Port Machinery Company

UNTIL RECENTLY, THE UNITED States took the lead when it came to promoting the virtues of capitalism and a worldwide free market economy. Today, Chinese business is both taking advantage of and profiting from the philosophy that Americans supported for so long. Most people in the West still believe in free trade, but they are also beginning to see the disadvantages when another country suddenly proves equally competitive. The United States is still the world’s leading national economy, and despite its financial difficulties, Europe is also a regional ...

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