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During the long history of China, archery held a very important place in the life of its citizens. It was one of the Six Noble Arts and a method of choosing officers in the army, a method of hunting and an art itself. Read more about history of Chinese archery.
Compound bow is one of the most modern designs of a bow. It uses more complex physics to give more power to the arrow and allows an archer to hold the arrow in full draw without too much strength.
Crossbow is a younger sibling of a bow and arrow. It is easier to use and more precise with less effort but slower. That is why it replaced bow and arrow in battlefields until it was itself replaced with firearms.
Mounted archers were once the most efficient part of the army. Many civilizations owed to them their successful conquests. Since firearms replaced bow and arrow they no longer fight but they participate in an attractive sport. Read about mounted archery.