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The concept of the Chinese wise man about the five elements of the world is very well known in Europe- water, fire, metal, wood and earth.
The book is based on 11 main parts of Chinese innovation.
Within these 11 categories, there are 3 main parts that contain the most significant inventions.
In Europe, the USA and Russia these ideas of ancient China are associated today with the great physicist of the 21st century – Stephen Hawking who uses these ideas in his theory of the creation of the universe.
I am deeply impressed by the collaboration between European and Chinese scientists in the field of physics, mechanics and nanotechnology.
The cooperation between the European Union and China greatly contributes the development of the whole world in the begging of the 21st century.
The World is forever in debt to China for its innovations.Robert Temple concentrates the bulk of his examples in these three categories, agriculture, domestic and industrial technology , and engineering.Temple’s examples were not limited to these fields of innovation.When described in this, achieving high productivity and high output growth appears easy, with easy recipes that every poor country could follow. China is one of many countries which made the transition from central planning to a market economy.Most of other countries, from central Europe to Russia and the other former Soviet republics have experienced a large decrease in output at the time of transition.What explains above stated differences, and is the superior performance of the Chinese economy sustainable?Getting the answers to these questions, and thus learning what other poor countries can take from Chinese experience, can clearly make huge difference, not only for China but for the rest of the word.When the Chinese wise man invent the proper papermaking process with that not only the Chinese culture but the world culture entered in ages of revolutionary development of science and art.Can we imagine the Renaissance and the Enlightenment ages in Europe without this great invention?China has grown rapidly over the past decade and it is now the largest economies outside of the group of advanced countries. It is increasingly seen as one of the major economic powers in the world.China’s economy is twice large as those as Brazil, India and Russia taken combined (and its population is enormous, more than four times of the USA. According to IMF the investment rate (the ration of investment to output) in China is between 40% and 45% of output, a very high number.