The Chinese economy will remain the major driver of global growth for the foreseeable future. Fostering innovation and moving to more efficient and less energy-intensive production is key to raising productivity and sustainable growth.
Innovation is flourishing, but only strategically important projects and new and high-tech industries benefit from support.
It is recommended that the number of sectors benefiting from government support for innovation shall be broadened. Intellectual property right protection shall be strengthened by more systematic prosecution of violators.
R&D spending is comparable to that of the EU15!
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