China set to lead the world in innovation
Source: Agencies |
December 7, 2010, Tuesday
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Print Edition
Print Edition
CHINA is set to become the world's most important center for innovation by 2020, overtaking both the United States and Japan, according to a survey released yesterday.
China is already the world's second-largest economy, after establishing itself as the global workshop for manufacturing. Now it wants to lead in invention as well.
Today, the US ranks as the world's most innovative country, with 30 percent of those surveyed taking that view, followed by Japan on 25 percent and China on 14 percent.
Fast-forward 10 years, though, and 27 percent of people think China will be top dog, followed by India with 17 percent, the US 14 percent and Japan 12 percent, according to the survey of 6,000 people in six countries by drug maker AstraZeneca.
More research
The shift is not because the US is doing less science and technology, but because countries like China and India are doing more research.
China is now the second-largest producer of scientific papers after the US, and research and development spending by Asian nations in 2008 was US$387 billion, compared with US$384 billion in the US and US$280 billion in Europe.
Working out just how fast the world's new emerging giants are developing their know-how is critical to many technology-focused companies in the West.
The pharmaceutical industry, in particular, has been anxious to tap into China's science base and many companies have established Chinese centers.
The survey found a strong sense of optimism in China and India, in contrast to relative pessimism in the West. More than half of those in China and India thought their countries would be the most innovative by 2020, while just one in 20 Britons thought Britain would claim the title.
China is already the world's second-largest economy, after establishing itself as the global workshop for manufacturing. Now it wants to lead in invention as well.
Today, the US ranks as the world's most innovative country, with 30 percent of those surveyed taking that view, followed by Japan on 25 percent and China on 14 percent.
Fast-forward 10 years, though, and 27 percent of people think China will be top dog, followed by India with 17 percent, the US 14 percent and Japan 12 percent, according to the survey of 6,000 people in six countries by drug maker AstraZeneca.
More research
The shift is not because the US is doing less science and technology, but because countries like China and India are doing more research.
China is now the second-largest producer of scientific papers after the US, and research and development spending by Asian nations in 2008 was US$387 billion, compared with US$384 billion in the US and US$280 billion in Europe.
Working out just how fast the world's new emerging giants are developing their know-how is critical to many technology-focused companies in the West.
The pharmaceutical industry, in particular, has been anxious to tap into China's science base and many companies have established Chinese centers.
The survey found a strong sense of optimism in China and India, in contrast to relative pessimism in the West. More than half of those in China and India thought their countries would be the most innovative by 2020, while just one in 20 Britons thought Britain would claim the title.
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