Pressing need for creative economy

[27 November 2006 - China Daily] First there was the "new economy," then there was the "knowledge economy," and now we have the "creative economy." Call it what you will, but the nation is arguably attaching more importance to "chuangyi" (creativity) to restructure its economy. In big cities like Beijing and Shanghai, massive material and political resources have been devoted to what leaders term "Chuangyi jingji" (creative economy) as a key strategic element for advancing the cities' development. As a name, the "Chuangyi" economy is hardly as clear as knowledge economy, but "Chuangyi" does points to one important dimension that the nation needs to pay particular attention to. More