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Global innovation index 2020 – Chinese version From WIPO

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The following is the Global innovation index 2020 – Chinese version From WIPO recommended by recordtrend.com. And this article belongs to the classification: China’s economy, Venture capital, Investment & Economy.

The World Intellectual Property Organization (WIPO) released the Chinese version of GII 2020. The report pointed out that the crisis of the new coronavirus epidemic will have an important impact on innovation. Leaders of all countries should take action in the process of prevention and control to return to work and production to further release the innovation potential at all levels. At the same time, support and cooperation from the government and sustained investment in innovation from the private sector are also needed. The direction of venture capital and innovation has shifted to health, online education, big data, e-commerce and robotics.

In the global innovation index (GII) in 2020, China ranked 14th for two consecutive years, and ranked first in the upper middle income economies group. It is also the only middle-income economy among the top 30 economies in the GII index. The top ten economies in the high-income group were Switzerland, Sweden, the United States, the United Kingdom, the Netherlands, Denmark, Finland, Singapore, Germany and South Korea.

The report points out that developing economies are outstanding in the field of innovation, but there are still large regional disparities in national innovation. In the ranking of global science and technology clusters, Shenzhen Hong Kong Guangzhou cluster ranks second, and Beijing cluster ranks fourth. At the same time, GII 2020 lists for the first time the top 100 clusters ranked by science and technology activity, that is, the sum of the shares of patents and scientific publications of the cluster divided by the population. Cambridge and Oxford in the UK are the most active clusters in science and technology.

The report also pointed out that even in the current international situation of unilateralism and nationalism, most economies can still benefit from integrating into global value chains and innovation networks, and the coordinated development of R & D activities at the international level can effectively resist the growing trend of isolationism and solve important social problems at present and in the future.

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