INNOVATION IS THE KEY FACTOR FOR A MORE COMPETITIVE ECONOMY

The Chinese, they are a coming!

CHINA IS WORLD’S FOURTH-MOST INNOVATIVE COUNTRY

The Straits Times
January 28, 2011

CHINA - CHINA is ranked as the fourth-most innovative country in the world, only after the US, Germany and Japan, according to a 'Global Innovation Barometer' report released by General Electric Co (GE) on Jan 27, Beijing News reported on Friday.

Based on a survey of 1,000 business executives in 12 countries, the report found that 35 per cent of executives think China has strong abilities for innovation, while the top-ranking United States took in 67 per cent of the vote, the newspaper said.

Germany and Japan each won more than 40 per cent of the votes, it reported.

Meanwhile, 95 per cent of respondents believe innovation is the key factor for a more competitive economy.

Also, 88 per cent of the executives think that innovation is the best way to provide job opportunities to a country, the report said. -- CHINA DAILY/ANN