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Innovation in China – An Overview

Innovation in China – An Overview

As early as 2008, China was already filing more patents than both the US and Japan. Chinese companies were leading the way in Corporate filings a year before and are well ahead today. The level of R&D spending per GDP is greater in China than in any other country, and China trails behind only Germany and the US in the number of PCT filings per year (at the time of this report). The facts and data tell a pretty clear story, and this report from Max von Zedtwitz (Our Innovation in Asia Advisor), shares that story vivid detail. China has arrived and they’re just getting started.

In the last decade, China has taken over in some of the leading R&D and innovation indicators.  In areas like direct investment, IP filings and FDI, China is already number one or two in the world.   History would strongly suggest that China will be a leading innovator within the next 10-20 years.   Foreign companies are tapping into this resources, but the domestic push is outpacing even the tremendous foreign investment.   As early as 2008, Huawei was filing more patents that any other company on the planet, and that trend has continued.  There are now quite a few Chinese firms in the top 20.   While the number of patent filings is not necessarily the best predictor of future innovation success, it’s certainly an indicator to keep and eye one.   The total amount of R&D expenditure is also rising significantly, and the government support and deep pockets will ensure this progress continues.   The facts and figures in this report tell the story better than any narrative we could come up with here… take a look and let us know what you think. …Read more

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