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China Ranks 14th in "2020 Global Innovation Index Report" Published by WIPO

On September 2, the World Intellectual Property Organization (WIPO) published a "2020 Global Innovation Index Report". The report shows that the COVID-19 has caused a serious impact on the long-term global innovation growth but it has also stimulated creativity in the fields of health, education, and digital economy. The innovation capabilities of Asian economies such as China, India, the Philippines and Vietnam have increased significantly year by year which implies that the core region of innovation in the world have gradually moved eastward.

According to the report, Switzerland, Sweden, the United States, the United Kingdom and the Netherlands rank among the top 5 in the annual rankings of innovation capacity and innovation output of global economies. South Korea became the second Asian economy to enter the top 10 after Singapore. China continues to maintain a good score as in 2019, ranking 14th. China is also the only middle-income economy among the top 30.

In terms of two core indicators of innovation input and innovation output, China has created the 6th-ranked innovation output with its 26th-ranked innovation input, and its innovation achievements are comparable to high-income economies such as the Netherlands, the United Kingdom, and the United States.

The report shows that China has established its standing as an innovation leader, ranking top 3 in the world in important indicators such as patents, utility models, trademarks, industrial design applications, and creative product exports. China has 17 world-leading technology clusters, among which Shenzhen-Hong Kong-Guangzhou and Beijing rank 2nd and 4th in the world respectively.

The "Global Innovation Index Report" is jointly published by WIPO, Cornell University and INSEAD. It is an indicator that measures the broad economic innovation capability of an economy. It aims to help global decision makers to better formulate policies to promote innovation through quantitative indicators.

(Source: CNIPA      Published on 09/04 2020)

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