The knowledge-based economy represents a new strategic era that human beings are entering. So knowledge is becoming the most important source of growth as well as productivity.
The knowledge-based economy has one characteristic that is innovation. Innovation means the ability to generate and use knowledge to innovate. It is not only a determinant of wealth; it is also the basis of competitive advantage.
The first step towards the knowledge-based economy can be made it one is able to effectively develop a vision of the future, exploit one’s self-potential and stay open-minded.
I am very glad that China will soon carry out the National Medium-to-long Term Program for Education Reform and Development. This program, I’m sure, will encourage your young people to absorb new knowledge and apply it in science and technology.