Since 1750, the world has seen four industrial revolutions. The first one took place in Britain; and China missed the boat. The second one occurred in the latter half of the 19th century; and China missed the boat. The third one was driven by the revolution in communication technology in the second half of the 20th Century. This time, Chinese leaders realized that it was a historic moment of change, and China caught the wave.
The 21st century is receiving the Fourth Industrial Revolution-the Green Revolution, symbolized by this global move to reduce emission. This time, we hope that China can be the innovator, the leader and driver running head-to-head with the U.S., Europe and Japan. To achieve this, China has to accomplish two things transition from a high carbon economy to a low carbon economy; second, participation in global governance. i.e., to shift its focus from national governance to regional and global governance.