China has invented a whole new way to do innovation
2 days ago
- #technology
- #innovation
- #China
- China's innovation system is characterized by extreme vertical integration, making it unique globally.
- The innovation pipeline historically involves multiple stages and countries, from basic research to commercialization.
- China's innovation boom in the 2010s was driven by the need to move beyond technology transfer from overseas.
- China now leads in research spending (PPP terms), high-quality STEM papers, and high-tech manufacturing.
- Chinese innovation is producing real results, evidenced by skyrocketing technology licensing royalties.
- China's innovation system is not a black box; it involves strategic changes in how research is funded and commercialized.
- Key reports highlight China's reorganization of its science and technology system to enhance innovation.