China is the second largest country in the world. It is found in Eastern side of Asia and it is the most populated country in the world with over 1.3 billion people. As a single party state, the Communist Party of China rules the country (Sayre, 2012). The economy of China is performing very well, with a Gross Domestic Product of $5.88 trillion and a per capita income of $ 7,600, which is well above most countries (Broudy, 1979). The high GDP is attributed to the scientific developments and inventions that have taken place in the country since time immemorial. As a result, products from China dominate the world market and the demand for its goods is very high (Cohen, 2004). As a civilization, China has existed for more than six millennia and is growing at an alarming rate. It is important to note that the growth experienced in China results from the technological advances it has made in the area of science and technology (Needham, 2004). Indeed, scientific inventions and technological developments are considered very vital for the achievement of both political and economic objectives of the country (Sayre, 2012). Since it is ahead of other countries in the area of science, the country is highly respected in the world. These technological and scientific advances in China can be traced back to the ancient Chinese, which invented a number of things that have shaped the economy of the country and the world in general. These inventions were made in different sectors of the economy and include compass, rudder, deep drilling for gas, gunpowder, parachute, paper, silk, the decimal system, paper money, and wheelbarrows (Cohen, 2004). There are four of the inventions that are considered very ingenious. These four are the invention of gunpowder, compass, papermaking, and silk. Paper invention was innovative in that it enabled books to be made cheaply and hence cheaper cost (Pelt & Mathews, 2009). It should be noted that before the invention of paper, books were made of very expensive silk (Sayre, 2012) and were very scarce and expensive (Goswami, 2007). The discovery of paper thus promoted education in China and reduced the cost of keeping government records. The overall expenditure for the government was also reduced thereby reducing the tax burden on the citizens. The invention and use of paper have facilitated transfer of information from one generation to another. Cultures have also developed and advanced because of use of papers (Broudy, 1979). The second invention that was very innovative is gunpowder. It was intended to provide solution to the immortality of human beings. It enabled the Chinese to use it as signal flares and for fireworks (Deng, 2011). However, it was later used by the military to defend the country against invasion. In the military, it was used in making fire arrows and rockets used when fighting war. The compass is the third invention that is very innovative. It is known as a directional device that is widely used in the world today to indicate direction. It was originally intended to be used for forecasting (Broudy, 1979). This great invention has enhanced exploration of the world. It makes it easy to determine the directions, destinations