THE INNOVATION GAME
The author is a researcher with the Institute of Industrial and Technological Economics at the Chinese Academy of Macroeconomic Research
International attention has focused recently on China’s notable improvement in its innovation capacity. Organizations such as the World Intellectual Property Organization (WIPO) and the U.S. National Science Foundation (NSF) have issued successive global innovation indexes demonstrating that China is experiencing a growing momentum.
It is undeniable that indicators from these think tanks and authorities are of great credibility and reliability. However, they are only part of the story. For some time now, China’s scientific and technological strength has been advancing, but its achievements have been mainly reflected by scale and speed, as its innovation capacity still lies in the second echelon,
