Greater efforts needed to nurture innovation
From a quantum communication satellite to methane hydrate gas extraction, a large passenger jet, aircraft carriers, and the Beidou Navigation Satellite System, never have this country's technological breakthroughs been announced with such high frequency in recent memory.
As if to corroborate the country's newfound pride in its innovative prowess, in this year's Global Innovation Index, an annual report on major world economic entities' innovativeness compiled by Cornell University, INSEAD business school and the World Intellectual Property Organization, China climbed three places, from 25th in 2016 to 22nd.
Experts at home have been quick to credit the progress to the government's recent emphasis on innovation-driven growth. And despite the complaints about bureaucratic red tape, low efficiency and the misuse of funds, decades of generous government inputs in technological advancement have paid off.
