An investigation into China's economy and market openness based on key economic data indicates that the economy in China today is generally more open than in 2010, but less open than in many other advanced countries. An evaluation of the openness and modernity of China's innovation system resulted in a score of 2.5 on a scale from zero (low innovation) to ten (high innovation), less than the open economy average of 4.0. Other investigated measures include: financial system development, the level of allowed and supported market competition, trade openness, direct investment openness, and portfolio investment openness.
Modernity of the innovation system in China in international comparison in 2023
Index values range from 0 = low innovation to 10 = high innovation and are based on an evaluation of the respective country's innovation system openness and modernity, considering the following aspects: government funding only for basic research but general emphasis on private sector investment, commercial application of knowledge through strong protection of intellectual property rights, and collaboration and participation for foreign firms and researchers.
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Atlantic Council. (October 15, 2024). Modernity of the innovation system in China in international comparison in 2023 [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1274633/china-innovation-system-modernity-in-international-comparison/
Atlantic Council. "Modernity of the innovation system in China in international comparison in 2023." Chart. October 15, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1274633/china-innovation-system-modernity-in-international-comparison/
Atlantic Council. (2024). Modernity of the innovation system in China in international comparison in 2023. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1274633/china-innovation-system-modernity-in-international-comparison/
Atlantic Council. "Modernity of The Innovation System in China in International Comparison in 2023." Statista, Statista Inc., 15 Oct 2024, https://www.statista.com/statistics/1274633/china-innovation-system-modernity-in-international-comparison/
Atlantic Council, Modernity of the innovation system in China in international comparison in 2023 Statista, https://www.statista.com/statistics/1274633/china-innovation-system-modernity-in-international-comparison/ (last visited November 23, 2024)
Modernity of the innovation system in China in international comparison in 2023 [Graph], Atlantic Council, October 15, 2024. [Online]. Available: https://www.statista.com/statistics/1274633/china-innovation-system-modernity-in-international-comparison/
