The current state of innovation in China
This is an Insight article, written by a selected partner as part of IAM's co-published content. Read more on Insight
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.
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