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Since China implemented the grand strategies to build an innovative country and to promote innovation-driven development, these efforts have yielded many positive results, and the country is on the cusp of becoming an innovation powerhouse. The Book assumes the national strategy point of view, and reviews what the country has either succeeded or failed to achieve in 2014 in strengthening its independent innovation abilities. The report identifies a number of strategies for turning China from a major force in innovation to a powerhouse. First, a higher level of general awareness is needed about the strategic significance of independent innovation to China’s economic growth and national development. The second one calls for continued efforts to strengthen both cutting-edge as well as basic research in science and technology, and the cultivation of high-value talents in this area. And the third one is to promote vigorously Chinese enterprises’ independent innovation ability, especially in regard to their core technologies. Lastly, the country must try to integrate global innovation resources through opening-up and international cooperation.