https://www.scmp.com/rss/514113/feed Saul Estrin is professor of managerial economics at the London School of Economics. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com The great challenge facing Asia is the need to innovate. Nowhere is that challenge more pressing than in China, given Xi Jinping’s pledge to make the country a leading global power by 2050. For a country where the average income is still only about 25 per cent of that in the US, this is an ambitious target. Without innovation, not only will economic growth falter, but other strategic objectives – including in space and security – will prove fanciful. Successful innovation involves not only... https://www.scmp.com/comment/opinion/article/3198862/become-world-leader-innovation-china-needs-loosen-economic-reins?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3198862/become-world-leader-innovation-china-needs-loosen-economic-reins?utm_source=rss_feed Thu, 10 Nov 2022 08:30:16 +0000