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Promoting Innovation in China : Lessons from International Good Practice.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- World Bank Group.
- Series:
- Other papers.
- World Bank e-Library.
- Other papers
- Language:
- English
- Subjects (All):
- Competition Policy.
- Innovation.
- Private Sector Development.
- Private Sector Economics.
- Public Sector Development.
- Research and Development.
- Science and Technology Development.
- Technology Innovation.
- Local Subjects:
- Competition Policy.
- Innovation.
- Private Sector Development.
- Private Sector Economics.
- Public Sector Development.
- Research and Development.
- Science and Technology Development.
- Technology Innovation.
- Other Title:
- Promoting Innovation in China
- Place of Publication:
- Washington, D.C. : The World Bank, 2020.
- System Details:
- data file
- Summary:
- 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 RandD, 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.
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