Global leaders in innovation produce the discoveries that shape the modern world. An economy’s capacity to innovate is dependent on a variety of factors, including its commitment to research and development, the quality of its workforce, and the effectiveness of government institutions. Learn more about innovation in China.
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.