China: fresh Innovation Leader

According to the latest study by the planet Intellectual Property Organization, China has for the first time overtaken the United States in terms of the number of technological and technological clusters in the world's hundreds.

The Global Innovation Index study 2023, which covers 132 countries, shows that China presently has 24 discipline and technology clusters in the top hundred, while the United States has 21. The 3rd place is taken by Germany with 9 clusters.

Among the 5 most efficient clusters in the world, as many as 3 are found in China: Shenzhen-Hongkong-Guangzhou (2nd place), Beijing (4th place) and Shanghai-Suzhou (5th place).

The most efficient cluster in China is Shenzhen-Hongkong-Guangzhou, which has filed 113,482 patent applications in the last 5 years and published 153,180 technological publications.

China has besides made good advancement in the global innovation index, now in 12th place, ahead of Japan (13th place). Over the past decade, China has made 1 of the biggest jumps in this ranking, advancing from the 35th place occupied in 2013.

China is besides a leading investor in R & D. In 2022 the expenditure for this intent amounted to 3 trillion yuan (about PLN 1.8 trillion), which represents an increase of 15.5% compared to the erstwhile year.

China is besides home to many valuable unicorn companies, i.e. start-ups with marketplace value above $1 billion. Of the 25 most valuable unicorn companies in the world, 12 come from China, including ByteDance, owner of TikToka, and SHEIN, the world's largest online clothing salesman.

Among the 25 most valuable unicorn companies in the world, 12 come from China. China's most valuable unicorn company is ByteDance, the owner of TikTok, whose marketplace value is $140 billion.

The planet Intellectual Property Organisation study underlines that China has become an crucial associate in global intellectual property and discipline efforts.

"China has successfully evolved into 1 of the world's leading centres of innovation, creativity and technology", says the report.

China's growth in innovation is driven by a number of factors, including expanding investment in R & D, favourable government policies and a increasing number of skilled workers.

China will most likely be the leader of innovation in the coming years. A leader gaining advantage over competitors.

Data:

• The number of technological and technological clusters in the world's hundreds of largest: China – 24, United States – 21, Germany – 9
• The 5 most efficient clusters in the world: Shenzhen-Hongkong-Guangzhou (China), Tokyo-Yokohama (Japan), Beijing (China), Shanghai-Suzhou (China), Seoul (South Korea)
• Global Innovation Index: China – 12th place, Japan – 13th place
• R & D expenditure in 2022: China – 3 trillion yuan (about 1.8 trillion zlotys)
• The number of Chinese unicorn companies among the 25 most valuable in the world: 12

Explanations:

• Science and Technology Cluster is simply a geographical area where companies, investigation and investigation institutions and another innovation-related entities are concentrated.
• Global Innovation Index (GII) is an yearly ranking of countries in terms of innovation. The ranking is developed by the planet Intellectual Property Organisation (WIPO).
• Unicorn company It's a market-value startup over $1 billion.

Author: 梁安基 Andrzej Z. Liang, 上海 Shanghai, 中国 China

Email: [email protected]

Editorial: Leszek B.

Email: [email protected]

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