Emerging Tech

Unlocking Innovation In China

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Executive Summary

Can China become a nation of innovators? Its government hopes so. It has a plan to make China an innovative society by 2020. Increased innovation, it argues, will be vital for China to move up the technological ladder to produce high-value goods and services. Indeed, homegrown innovation could be vital to solve many of China's challenges, such as energy productivity and pollution, and to position Chinese companies competitively in the global market. The pursuit of these goals is transforming China. No longer just the workshop of the world, the country is also becoming a laboratory, research and development (R&D) centre and consumer market. It stands out as a leading R&D base for work in areas such as stem cell research and nanotechnology.

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