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In 1900, China had no modern science and technology at all. Now, in the early 21st century, 60 percent of technologies, including atomic energy, space, high-energy physics, biology, computer and information technology have reached close to the world advanced level. For example, China has made great progress in the field of astronautics. October 15, 2003 saw the successful launch of the first manned spacecraft "Shenzhou V. "Shenzhou V" sent China's first astronaut into space and returned successfully, making China the world's third country to independently develop and deploy manned space flight technology.
India will move up four places, whereas the ranking for Brazil will remain unchanged and Russia will go down two places.
The country is investing heavily in R&D and education, and its innovation environment is improving.
China now leads the world in the number of people engaged in science and technology.
University graduates with degrees in science and engineering represent 40% of the total and far above the 15% recorded in the US.
From 2003 to 2011, the growth in patent filings by US residents has slowed, while other countries continue to catch up. Growth in the number of researchers has slowed relative to China and a smaller proportion of graduates obtain degrees in science and engineering than in those countries. Fewer articles have been published in scientific and technical journals.
In 1996, the first year of the analysis, the US published 2, 92,513 papers - more than 10 times China's 25,474.
By 2008, the US total had increased very slightly to 3, 16,317 while China's had surged more than seven-fold to 184,080.
Previous estimates for the rate of expansion of Chinese science had suggested that China might overtake the US sometime after 2020.
1. China's leadership understands engineering because eight of nine members of the Standing Committee of the Political Bureau having engineering degrees. 2. China is spending money in various fields, from supercomputers to nanotech, including clean energy. 3. China has a huge technical labor pool. The large Shanghai-based outsourcing company screens applicants with an IQ test with a cutoff score of 140; less than 1 percent of the population reaches that high. 4. China's rate for undergraduates earning science or engineering is 42 percent of all college graduates. Only 2 percent of U.S. 9th-grade boys and 1 percent of girls go on to attain the same degrees.
It discusses broad economic objectives as well as specific targets to be attained by 2015. Chinas goal for annual patent filings by 2015 is two million. China intends to roughly double its number of patent examiners, to 9,000, by 2015. (The United States has 6,300 examiners.) China also wants to double the number of patents that its residents and companies file in other countries. To lift its patent count, China has introduced an array of incentives. They include cash bonuses, better housing for individual filers and tax breaks for companies that are prolific patent producers.
Chinas R&D expenditure per R&D personnel (full-time) = $ 43623.43. $3622.16 more compared with the previous year.
Breakup by Activity Type: Basic research activities = $5.11 billion. Growth = 20.1%
Breakup by Executive Agency: R&D expenditure by Industry = $81.66 billion. Growth = 22.1% Government research institutions = $18.68 billion. Growth = 19.1% Higher learning institutions = $9.41 billion. Growth = 27.6%
9%
17%
74%
Conclusion
China is making a concerted effort to build a more innovative economy. It is investing heavily in R&D and Education and its innovation environment is growing. China even leads the world in the no. of people engaged in science and technology. 40% of total university graduates pass with degrees in Science and Engineering which is far above the 15% recorded in US. Also China globally leads in the no. of Trademark and Industrial Design Registrations which clearly shows Chinas edge over other countries in competitiveness and innovation.
But the prospects for China are not entirely positive: it also faces barriers to innovation. 1. Weak protection of intellectual property (despite improvements in recent years) stands out. 2. Although China leads the world in no. of Trademark and Industrial design Registrations but it significantly lacks behind in the no. of Patients Registered when compared to United States or Japan. In 2010, China accounted for 20% of the worlds population, 9% of the worlds GDP, 12% of the worlds R&D expenditure, but only 1% of the patent filings with or patents granted by any of the leading patent offices outside China.
3. Also industries in China spends huge amount of money in R&D ($81.89 billion in 2010) but despite such huge investments none of the Chinese company is as innovative as any of the American or Japanese Companies. Companies like Apple, Microsoft or SONY are the top innovators in the world and gives an edge to US and Japan over China.
China is making rapid strides in some areasHowever, on an across-the-board basis, it still has quite some distance to cover before becoming a global innovation power. It will take a long time for developing countries like China that rely on manufacturing for export to close the innovation gap with the West.