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Analysis the innovation economy in China,Today.

Analysis the innovation economy in China,Today.

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China is investing heavily in Research and innovation activities. It no longer wants dependency on western countries for research and innovation in heavy capital good industries. Hence, it is seeking to innovate in field of aircraft and spacecraft. china has increased its expenditure substantially on research and development activities.

China receives patent applications which are more than received in USA. Huawei, Baidu, Alibaba, Tencent are leading innovators in china.

But going further, there are few sectors where china is still lagging behind. China has failed to make sufficient investments in biotechnology and circuit design.

China is making huge investment in innovation but still there miles to go. Still china is far behind when compared to the other developed countries.

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