Abstract:  The difference between traditional Chinese culture and western culture is no longer regarded as the difference between ancient and modern culture, but the difference of types. It is of great significance to deeply explore the innovation factors in traditional Chinese culture based on the four self-confidences, to explore the modernization road with Chinese characteristics, and to help build the fourth generation of management science with more Oriental wisdom. As an ancient and diversified culture, traditional Chinese culture embodies inexhaustible innovation elements, regarding the mode of thinking, ideals and beliefs, organization and institutions, and tools and technology. No doubt Dig deep into these innovation elements will inspire China’s pursuit of a modernization road significantly, which is the research significance of this paper.The research results show that innovation is the deeply-rooted endowment of the Chinese people, and exert positive impact on wealth creation and value generation today. In terms of the mode of thinking, the dynamic, balanced and holistic mode of thinking that the Chinese tradition is better at is now leading China to the governance innovation of jointly building a "community of Shared future for mankind" and the peaceful rise rather than hegemonism. It is also leading China to the path of independent innovation with Chinese characteristics of "open and comprehensive innovation". In terms of notions and beliefs, the Chinese tradition has bred a spirit of innovation that is new, flexible and tolerant. Flexible management, rigid management, and no-action management advocated respectively by Confucianism, Legalism and Taoism from the perspective of different theories of human nature, and the personality state theories proposed by Confucianism, Taoism, Buddhism and military strategist based on different theories of personality, can both bring breakthrough and sublimation to the contemporary western management theory and leadership theory.In terms of organization and institutions, the concept of "great unity" in the gene of Chinese traditional institutions, which is diversified and integrated, has influenced the formation of the internal pluralistic and open party institutions under the leadership of one party in China today. The Confucian family-like institution model that emphasizes ethics and education, the Taoist institution model of no-action rule, and the military organization system model of military strategist also profoundly shaped the unique organizational development orientation of "family, army and school" and the new development goals of "efficiency, innovation and happiness" in today’s Chinese enterprises.In terms of tools and technologies, traditional Chinese artifacts and technologies have provided many innovation elements for the development of China’s cultural and creative industries and even the scientific and technological industries today. In particular, the extensive and continuous records of natural phenomena in the vast ancient Chinese literature have provided a steady stream of inspiration for the breakthrough and solution of the major scientific hot issues in the contemporary era, such as the evolution of celestial bodies,geotectonics, earthquake forecasting, climate change, sea level fluctuation, environmental succession, and biological evolution.We are in an era of the boom of AI, genetic engineering and many more new technologies, and also in an era of the peaceful rise of China and many more emerging economies, the theories and practice of national governance and enterprise management are ushering in a new paradigm breakthrough. The comprehensive and profound research on innovation elements and resources in traditional Chinese culture will contribute significantly to the breakthrough and development of the fourth generation of management science that absorbs more Oriental wisdom, focuses on "new homo sapiens", and focuses on efficiency, innovation and happiness or the overall development of people. In this way, we can better help the government and businesses advance their mission in the new era, and better help exchanges and mutual learning among civilizations and build a community of shared future.

Key words: traditional Chinese culture, innovation elements, the fourth generation management