R&D is the backbone of innovation. It supports the development of new scientific methods, technologies, and commercial goods – all of which can boost economic productivity and raise living standards. After decades of export-led growth, China is increasingly turning to innovation as a driver for its economy.
China’s emergence as a global power is likely to be one of the most consequential factors in twenty-first century international politics. Yet questions persist as to whether China is now a developed country. Learn more about China’s level of development with this ChinaPower exclusive.
China has emerged as one of the world’s largest providers of development finance. Between 2000 and 2014, China extended a total of $354 billion in loans, grants, and other resources to countries across the globe. This feature explores the global reach of China’s development finance, and how this spending intersects with Beijing’s growing political and economic interests.
More international students are flocking to China than ever before, with over 440,000 foreigners studying in China in 2016. China also sends more of its students abroad than any other country. Learn more about China’s role in international education with this ChinaPower exclusive.
In recent years, Beijing has ramped up its military diplomacy to advance its foreign policy objectives. This push has increased China’s participation in military exercises and resulted in Chinese naval vessels calling at ports around the world.
After decades of near double-digit growth, Chinese leaders have turned to using turbo-charged stimulus financing to maintain moderate growth. However, China’s credit expansion has contributed to growing financial vulnerabilities. Learn more about China’s debt concerns with this ChinaPower exclusive.
As a vital artery of trade for many of the world’s largest economies, the South China Sea has garnered significant attention. Reports on the South China Sea frequently misrepresent the value of trade that annually transits the waterway. Learn more about trade flows in the region with this ChinaPower exclusive.
China is seeking to improve educational quality and increase access across the country. A well-educated Chinese workforce can bolster China’s technological and scientific development and thus strengthen the country’s position in an increasingly innovation-based global economy.
