Early this decade, Feng received news that the sales of Aigo MP3 players had surpassed that of Samsung in less than eight months. In 2004, Aigo took the initiative in producing color screen MP3 players at a price almost equal to Samsung's black and white products. Again Aigo left Samsung far behind and retained its leading position in the domestic market. "We are determined to move ahead of Samsung. If they produce color screen players, we will produce a visual display screen player," states Feng.

    Aigo MP3 players can now be seen everywhere in the overseas market, including Europe, Singapore and India. Aigo now occupies third place in the Singapore market. In Britain, its market share now places it second. "If Western companies should be scared of anyone in China, it is Feng Jun," reported the Financial Times.

    Aigo is not the only Chinese enterprise rapidly emerging on the international market. In the past five years, many Chinese hi-tech companies have grown rapidly and gathered strength, including the world famous Lenovo Group Ltd.; Bai Du, known as the Chinese Google; Alibaba, known for e-commerce; and Shanda Entertainment, known for its Internet games service.

    The GEM Global Report 2006 produced by the Global Entrepreneurship Monitor (GEM) showed that the number of start-ups and entrepreneurial activity reached a new high in China that year. The country's total early-stage entrepreneurial activity or TEA-index stood at 16.2 percent, ranking sixth among the 42 countries listed. It means 16.2 in every 100 adults between 18 and 64 years old were engaged in businesses that were less than three and half years old. The report also identified China as one of the most dynamic countries, surpassing India, Thailand, Japan and Singapore, and even developed countries such as the U.S. and Australia.

    Of the Chinese top 50 high-growth enterprises listed by Deloitte each year, the number of the companies with annual revenue exceeding US $100 million increased from six to ten between 2006 and 2007. Last year the 50 listed companies achieved a three-year average revenue growth of 1,349 percent. First place on the 2007 list was Changzhou Trina Solar Energy Co., Ltd. located in Jiangsu Province. Its major products are semiconductor devices and electronic products. Over a three-year period, the company scored a 27,542 percent average revenue growth to top the 2007 Asia Pacific Technology Fast 500 list.

    China's economy has maintained an average annual growth of 9.67 percent for 30 years since the reform and opening-up policy was adopted, compared with a mere 3.3 percent for the world economy. But can its economic miracle continue? "In the past 30 years, the Chinese economy has seen fast development, and the country's huge productivity potential has been activated. But its urbanization and industrialization is not yet completed, and people's income level is not high. All this leaves room for China's economy to continue with a rapid growth of another 30 years rather than slowing down," comments Liu Wei, dean of the School of Economics at Peking University.

    In the next 30 years, will there be some products made by Chinese hi-tech enterprises that, like the first TV made by Sony in 1960, change people's lives?