China is now ranked as the world’s 25th most innovative economy after moving up 4 places since 2015. China is closing the global innovative gap by being the first middle income economy to make the top 25. Some of the most innovative Chinese companies include Huawei (one of the world’s leading manufacturers of telecoms equipment), ZTE Corporation (multinational telecoms equipment and systems company) and Shanghai RAAS Blood Products (research, development and manufacture of blood products).
The number of the inventions from China is expected to continue to increase but some state that intellectual property in the country needs to be strengthened and suggest the need for administrative procedures to be simplified.
Source: buff.ly/2dktGZr
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Article Name
Innovation Increases in China
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China is now ranked as the world’s 25th most innovative economy after moving up 4 places since 2015. China is closing the global innovative gap by being the first middle income economy to make the top 25.
Author
Dawn Ellmore
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Dawn Ellmore Employment
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