Innovation system modernity in China in comparison 2022
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 2.2 on a scale from zero (low innovation) to ten (high innovation), less than the open economy average of 4.5. Other investigated measures include: financial system development, the level of allowed and supported market competition, trade openness, direct investment openness, and portfolio investment openness.
