![]() Moreover, China may now be a “large” IP country, but it is still a “weak” one. However, the Chinese state is not entirely withdrawing, but is, in fact, strengthening its role in some regards. ![]() By avoiding spending on basic research and foundational technologies, income is being generated less as a result of novel technologies and more as a result of new applications or business models.Ĭhina’s embrace of intellectual property (IP) is highly positive when contrasted with the country’s original disdain for property rights of any sort and widespread violation of IP rights. Although this is a definite improvement over the earlier financing system, China may have overcorrected. Commercial competitiveness is now a central part of the decision calculus. No longer are funds just being tossed at large-scale white elephants. Old-school banks and new-school investment vehicles are all getting in on the action. This low “metabolism” of inputs into successful high-tech advancement is why we characterize China as a “fat” high-tech dragon.Ĭhina is dedicating an unprecedented amount of funding to research and development (R&D). Most importantly, the level of inputs China is mobilizing is not consistently and smoothly translating into successful technology innovation outputs. ![]() Yet China still has a substantial distance to travel before it approaches the level of innovation found in the world’s most advanced economies. The numerical data are supplemented by interviews with business executives, industry analysts, investors, and government officials in the United States and in China.īroadly speaking, whether one looks at China in isolation or puts the country in comparative perspective, China’s innovation performance has gradually improved over the last decade along a number of indicators, separating China from other major emerging economies. This study relies primarily on broad quantitative measures because they facilitate measuring trends over time and engaging in cross-national comparison. The report presents data on innovation inputs, such as finance, as well as several types of innovation outputs, such as intellectual property and commercial performance. ![]() ![]() The purpose of this report is to develop a baseline analysis of innovation in China by systematically examining national trends in China while placing the country in comparative perspective. ![]()
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