The current state of innovation in China

Since 1949 the Communist government has implemented a series of five-year plans that have guided the development of China from a poor developing nation to the second-largest global economy behind the United States in terms of both purchasing power and, more recently, gross domestic product (GDP). China has just completed the 11th Five-Year Plan for National Economic and Social Development. This plan highlighted innovation as a focus, and the corresponding science and technology plan articulated the country’s goal to become an innovation-oriented society by 2020. Many of the developments of the past five years illustrate how far China has moved towards that goal.

Download
 

Get unlimited access to all IAM content