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Agricultural Development Bank of China
Economy

​China's Global Innovation Index ranking rises again

September 22, 2021


Abstract : China ranked the 12th globally in the 2021 Global Innovation Index (GII), up two places from the ranking in 2020, according to the index report released recently by the World Intellectual Property Organization (WIPO).

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Aerial photo taken on June 27, 2021 shows Baihetan hydropower station in southwest China. (Xinhua/Jiang Wenyao)

BEIJING, Sept. 22 (Xinhua) -- China ranked the 12th globally in the 2021 Global Innovation Index (GII), up two places from the ranking in 2020, according to the index report released recently by the World Intellectual Property Organization (WIPO). 

This is the ninth consecutive year for China to see a steady rise in such ranking, reported Securities Daily Wednesday.

According to the report, Switzerland topped the list for the 11th consecutive year, followed by Sweden, the U.S., the UK and the Republic of Korea, and China ranked first among middle-income economies, overtaking developed economies such as Japan, Israel and Canada. 

In terms of innovation input, China leads the world in trade, competition and market size, and knowledge workers, two major indicators of the index, and ranks high in sub-indicators like size of domestic market, proportion of companies providing formal training, diversification of domestic industries, development of industrial clusters, etc., says the report.

This indicates that China has taken more measures to promote cooperation between enterprises, universities and research institutes, develop industries with distinctive features, and improve the real economy, creating a better environment for enterprises to pursue innovative development, says the report.

From the perspective of innovation output, the report notes, China's advantages are concentrated in intangible assets, knowledge creation and knowledge influence, with domestic patent and trademark applications, share of creative products export in the total trade and other sub-indicators leading the world.

In 2021, China has made significant progress in the major indicator of knowledge dissemination, especially in the sub-indicator of the proportion of intellectual property income in the total trade, which shows that the country is gradually transforming from a major importer to a major producer of intellectual property rights, the report says.

(Edited by Gushanshan with Xinhua Silk Road, gushanshan.1987@163.com)

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Keyword: intellectual property rights China innovation

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