Publication:
Promoting Innovation in China: Lessons from International Good Practice

Loading...
Thumbnail Image
Files in English
English PDF (1.93 MB)
496 downloads
English Text (216.98 KB)
112 downloads
Date
2020-04-17
ISSN
Published
2020-04-17
Abstract
China considers innovation be one of the key drivers of its future growth and convergence with more developed countries. It spends more than 2.2 percent of GDP on R&D, above the average for the European Union, is a global leader in domestic patents, and has developed groundbreaking advances in key sectors such as high-speed trains, e-commerce and mobile payments. However, the quality of patents has been slower to improve, Chinese firms remain dependent on foreign suppliers in a number of core high-tech components, and resources do not flow easily to more productive firms resulting in large productivity gaps between market leaders and remaining enterprises. In order to restart its productivity engine and support continued technological catch- up, China must revise its approach to innovation policy. This paper takes stock of China’s progress in building a modern national innovation (NIS) system, reviews international good practice in promoting innovation and shares policy recommendations to help China sustain its drive to become one of the global innovation champions.
Link to Data Set
Citation
World Bank Group. 2020. Promoting Innovation in China: Lessons from International Good Practice. Finance, Competitiveness and Innovation Insight;. © World Bank, Washington, DC. http://hdl.handle.net/10986/33680 License: CC BY 3.0 IGO.
Report Series
Other publications in this report series
Journal
Journal Volume
Journal Issue
Collections
Associated URLs
Associated content
Citations