According to the Economic Daily, Raymond Stevens, who founded three biotech companies at the University of Southern California, is now hired as a director of a research institute at Shanghai University of Science and Technology. He believes China will be the next to have the most research and development From the cultural point of view, China attaches great importance to the development of science and technology. Just as Americans attach importance to sports, I am curious about China's progress in science and technology. I want my 3 children to live in China and look forward to China's future for them. To provide more opportunities for the development of 'Stevens is now half the time every year in Shanghai.
The article holds that R & D investment is of crucial importance to China's steady development and is now facing a slowdown in its economic growth rate while facing the dual pressures of rising labor costs and labor costs. China's response is to invest heavily in supporting the new format. By the end of the year, business incubators across China have helped set up more than 220,000 startups, and according to McKinsey & Company's analysis, innovation contributes up to 50% of China's GDP by 2025. From designing new semiconductors and chemical products to artificial intelligence Everyday applications, China will rely on its expanding pool of scientists and entrepreneurs to develop new products and get to market quickly.
China is building advanced R & D facilities and increasing research funding for universities, investing in human capital is the key to innovation, and China is aggressively increasing the number of its R & D personnel from 48.5 to 60 per 10,000 currently employed workers.
Although China still lags behind the West in some areas of innovation, its efforts have yielded results. According to the 2017 Global Innovation Index, China surpassed Australia in innovation and ranked global innovation to No. 22. Perhaps more persuasive Yes, Chinese university students willing to start their own businesses in 2016 doubled from 2015.
Coincidentally, the U.S. think tank Peterson Institute of International Economics wrote a few days ago that "China has made an unprecedented achievement since the reform and opening up in 1978. China's average annual GDP growth rate reached 10% Changed the pattern of global trade and became the world's second-largest economy, and China is now facing an unprecedented opportunity to become the world leader in innovation.
The article argues that China's transformation is based on an unprecedented boom in manufacturing, with more than 2 trillion U.S. dollars exported to the rest of the world and 13% of total global exports in 2016. China is also investing in large-scale infrastructure, including Bridges, airports, roads, energy and telecommunications to promote economic modernization in less than 10 years, China built the world's largest high-speed railway system, as of July 2017, China's total high-speed rail operation over 22,000 km.