IMD Business School’s Mark Greeven and Imperial College London’s George Yip suggest that the engine of this growth is in what they refer to as China’s hidden champions. In their latest book they lift the lid on the thousands of Chinese companies that have grown to dominate their markets, and suggest that these companies have progressed beyond copying western firms or providing a low-cost manufacturing base for western giants, and now drive the agenda as a result of a high-skilled workforce and innovative behavior.

Read More: Forbes