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 is seeking to enhance its domestic capacity for scientific and technological innovation by building a permanent manned space station. Developing further space capabilities can enhance China’s international prestige and enhance its technological prowess.
ChinaPower hosted its second annual conference on November 14, 2017. The conference featured Senator John Cornyn as the keynote speaker.
Innovation enables countries to generate wealth through the development of new products and modes of production and thus is a crucial component of national power. Examining the sources of innovation can lend insight into its position as an emerging leader in new technologies.
A country’s power is heavily connected to its ability to leverage energy resources. As the world’s largest consumer of energy, securing its energy needs is vital to China’s ability to pursue its national objectives and fuel its development.
Chinese innovation can in part be gauged by examining its intellectual property protection measures. The processes behind Chinese patents and product development can provide key insights into how China’s domestic innovation contributes to its growing influence.