China should improve its capital market, talent policies and business environment to ride the wave of technological advancement. With AI, big data, genetic and biological sciences being upgraded, the country is competing at the same starting line as the developed world in the fourth industrial revolution. To seize the opportunity, China needs to build a more dynamic primary investment market, attract skilled professionals from both home and abroad and establish a market focusing on the distribution of data elements. Regional economic differences do not mean there should be wholesale replacement of agriculture and traditional manufacturing by emerging industries, but technological breakthroughs are required for industrial upgrading. Since enterprises have a major role in leading the new industrial revolution, the government should refrain from administrative interventions.
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