China moves up global innovation ranks to No 11 spot in WIPO charts
- Shenzhen-Hong Kong-Guangzhou named second-best science and technology cluster in the world, followed by Beijing
- Premier Li Keqiang notes China is the only middle-income economy to make it into the world’s top 20 in the annual listing
The latest index was released by the World Intellectual Property Organization (WIPO), with Switzerland in first place for the 12th consecutive year. The US overtook Sweden to take the second position.
Chinese government leaders have been closely following the list, which is published by WIPO in partnership with the Portulans Institute and attracts attention from the world’s leading universities.
China’s ambassador and permanent representative to the UN office in Geneva Xu Chen conveyed Beijing’s acknowledgement of the listing on Friday, via social media platform Twitter.
“Chinese Premier Li Keqiang sent warm congratulations on the launch of GII 2022. China ranks 11th in 132 economies, being the only middle-income economy to make it into the top 20,” Xu said.
The index uses 81 indicators to define and measure key innovation, based on international public and private data sources. It takes into consideration not only published scientific papers, but also other general factors including social impact, business models and technical aspects.
With its advantages in scale and economics, the US ranks first in 15 of the indicators, including global corporate R&D investors, venture capital investors, the quality of its universities, the quality and impact of its scientific publications, and the number of patents by origin.