The 2017 Global Innovation Index (GII) report has been jointly
released by the World Intellectual Property Organization (WIPO),
Cornell University, and INSEAD. According to the report, China
moves moved up by 3 rankings as compared to 2016 to No. 22 in the
Index. This marks China's another significant step forward
after being the first middle income country to enter the top 25
list of the Index.
The Index shows that the top 15 countries on the list are
Switzerland, Sweden, Holland, the United States, Britain, Denmark,
Singapore, Finland, Germany, Ireland, Korea, Luxemburg, Iceland,
Japan and France.
The index is known to provide assessment about the innovation performance of 127 countries and economies around the world based on 81 indicators. Innovation index is obtained from the mean value of two sub-indicators innovation input and innovation output. The 81 indicators are classified into system, human capital and study, infrastructure, market maturity, commercial maturity, knowledge and technology output and innovation output.
China moved up by 3 in innovation index
The report shows that China's innovation ranking has risen by 3, with the innovation index up by 1.9 points. China's innovation output ranking rose by 4. China moved up in 5 indicators including system (up by 1 to No.78), human resource and study (up by 1 to No. 78), infrastructure (up by 9 to No.27), knowledge and technology output (up by 2 to No.4), innovation output (up by 4 to No.26), whereas dropped down a little in market maturity and business sophistication.
The report also shows that China is the only middle income economy that is narrowing the gap with the developed countries and has successfully become one of the leading forces in global innovation. In 2017, China ranked 3rd (up by 4) in innovation efficiency ratio, 16th (up by 1) in innovation quality. Moreover, China ranked 1st in patent applications by origin, utility model applications by origin, industrial design application by origin, domestic market scale, knowledge worker, firms offering former training, knowledge influence, high-tech imports minus reimports (% of total trade).and creative goods exports (as a percentage of total trade).
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