China ranked third most innovative country worldwide: report

Updated 2018-03-16 23:10:00 Xinhua

China has been ranked third in the world for innovation by global business leaders, according to the GE 2018 Global Innovation Barometer Report released Friday in Shanghai.

The report polled over 2,000 business executives responsible for R&D and product development from 20 countries and regions, to gauge their perception on the evolving state of innovation across the globe.

The United States was ranked the most innovative country among business leaders, but it has continued to trend downward since 2014, the report said.

Japan ranked second, with China taking third place, overtaking Germany.

Fourteen percent of global executives regarded China as leading in innovation, a 4-percentage-point increase than the last survey in 2014.

Meanwhile, 73 percent of Chinese executives believed that China has an environment conducive to innovation.

"As China transits to a more innovation-driven economy, an understanding of how businesses deal with this change is critical to operating in this environment," said Rachel Duan, president and CEO of GE China.

Chinese executives cited the difficulty in coming up with radical and disruptive ideas as well as in scaling successful innovations to a wider or international market as the top challenges to innovation.

Despite challenges, Chinese executives remained optimistic about the promise of innovation and emerging technologies.

The report indicated that 83 percent of Chinese executives viewed additive manufacturing and 3D printing as promising, 20 percentage points higher than globally.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 22 2018 01:08:27

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 22 2018 01:08:27

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 22 2018 01:08:27

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords