In a remarkable leap on the global stage, China has jumped from 20th in 2012 to 10th in 2024 in the global innovation league table. This surge highlights the country’s intense drive in the tech arena and its fast-paced growth in innovation. 🚀
The report by the Academy of Science and Technology for Development, evaluating 40 nations that contribute over 85% of global GDP, shows that China’s progress is faster than any other since 2012. Bold policy initiatives and reforms in the science-tech system have been key to this transformation.
Massive investments in research and experimental development have also played a major role, with R&D expenditure exceeding 3.6 trillion yuan ($494.69 billion) in 2024. Such investments are laying a strong foundation for future breakthroughs.
Chinese premier Li Qiang emphasized in the government work report the importance of integrating education, scientific innovation, and talent cultivation to secure the foundational underpinnings of modernization. The goal is clear: build the country into a leading science-tech powerhouse by 2035.
Artificial intelligence is emerging as a pivotal element of this growth. With nearly 200 operational generative AI models serving over 600 million users and a commanding share of global industrial robot installations, AI is powering high-quality growth and setting new global standards. 🤖
Overall, a blend of strategic government policies, substantial R&D investments, and an innovative mindset is driving China’s tech revolution, signaling an exciting chapter in the global innovation landscape. Stay tuned as this transformative journey unfolds!
Reference(s):
cgtn.com
