Chinese innovation draws international attention at the WEF

Italian entrepreneur Mario Moretti Polegato, CEO of fashion brand GEOX, provided Xinhua with examples of the Chinese dynamism and circulation of ideas.

"I was informed that the patent office in Beijing at this moment is very crowded, there are lines of hundreds of people going to deposit ideas and patent," Polegato said, adding "Chinese intelligence at economic level is also presented at creativity management level."

"We don't have to forget that many Chinese students studied abroad in Britain or the United States...We, as Europeans, think to be still the best on this field but we have to recognize that China is investing a lot on creativity and innovation," said Polegato.

Polegato explained that discovering and witnessing innovation in the past meant a trip to New York or London. Today, these same driving forces are bringing countless people to Shanghai.

China invited and attracted world-class architects. They are the brains behind incredible designs like the Beijing and Shanghai airports, and the high-rise hotels that seem to touch the sky. China is putting in place all the existing modern art in terms of construction, he said.