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    Home > Active Ingredient News > Drugs Articles > 2016 Global Innovation Index: China ranks in the top 25 of global innovation for the first time

    2016 Global Innovation Index: China ranks in the top 25 of global innovation for the first time

    • Last Update: 2016-08-19
    • Source: Internet
    • Author: User
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    Source: on August 19, 2016, the World Intellectual Property Organization (WIPO), Cornell University and INSEAD jointly released the 2016 Global Innovation Index (GII) report For the first time in the global innovation ranking, China ranks among the top 25 most innovative economies in the world, up four places from 29th last year This moment is historic Since 2007, when the annual report on global innovation, which combines 82 indicators and covers a total of 128 economies, was released for the first time, China has become the first middle-income country to rank among the top innovation economies in the world, and this group was completely occupied by developed economies before According to the report, China's progress in recent years reflects the country's considerable progress in innovation input and output Today, there is a broad consensus among governments around the world to promote innovation to maintain the vitality and competitiveness of economic development Innovation needs continuous investment Prior to the global financial crisis in 2008, global R & D investment grew at a rate of about 7% every year, but by 2014, the rate dropped to 4% According to the report, the decline is mainly due to the slowdown in the growth of emerging economies and the increasingly tight government budgets in developed countries, and the above constraints are likely to persist "Investment in innovation is essential to sustain long-term economic growth," said Dr Francis gurry, director general of WIPO "In the current global economic environment, it should be a priority for all stakeholders to explore new economic growth points and fully grasp the opportunities of global innovation." It is worth mentioning that in the "innovation quality", the top indicator of research level, scientific research paper publication and international patent application of comprehensive universities, China has advanced to the 17th place in the world and become the top of the middle-income economy  
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