2 days Ago By Alice Li
China may be making waves in a slew of emerging industries – from robotics to electric cars – but an official Chinese research body has placed the country only 10th in its latest global innovation league table. The report, released on Monday by the Academy of Science and Technology for Development (CASTED), evaluated the innovation capabilities of 40 countries that collectively account for over 85 per cent of the world’s gross domestic product. China has risen up the rankings faster than any other nation since 2012, according to the report, but the country has remained in 10th place for the past three years.
The United States ranks first on the league table, followed by Switzerland. The other countries placed above China on the list are South Korea, Sweden, Denmark, Japan, the United Kingdom, the Netherlands and Germany. This helped China rise from 20th in the innovation league table in 2012 to 10th in 2024, with the report noting the country’s “increased investment in innovation, remarkable knowledge output, stronger corporate innovation, and an improving innovation ecosystem”, according to state broadcaster CCTV.
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