三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

Innovation flourishing in China, says UBS report

By Shi Jing in Shanghai | China Daily | Updated: 2017-11-02 08:57

China is transforming from being the world factory to an innovation-driven nation by embracing a fresh wave of innovation, a new report said.

According to the report from Swiss financial firm UBS, China's total research and development investment registered an 18 percent compound average growth rate between 2006 and 2016. If the same momentum is maintained, China will become the world's second largest R&D investor after the United States by 2020, with such investments accounting for 2.5 percent of the total GDP by then.

The country is also home to the second-largest number of so-called unicorn companies, next only to the US. Such companies have a market value over $1 billion each and have been operating for over 10 years. About 20 percent of these Chinese companies have made technology breakthroughs while the remaining 80 percent have made innovations in business models, explained Hou Yankun, chief China strategist at UBS Investment Bank China.

The innovations have been made remarkably in five major areas: education, fintech, electric vehicles, artificial intelligence and big data computing, according to the report.

"China has been making significant progress in scientific research, given the number of patents applied in the country every year and the published Science Citation Index papers," said Hou.

In terms of fintech, Alipay is one of the best examples, as it outnumbered Visa and Master-Card in 2016 in total online transaction volumes, according to UBS. Alipay is the mobile and online payment service of e-commerce giant Alibaba Group Holding Ltd.

Meanwhile, China has taken up 40 percent of the global market share of electric vehicles, with annual sales totaling 500,000 units in 2016.

China has produced 76 percent more papers on the study of AI than the US in 2016 and 2017, also overtaking the latter in terms of the citation rate.

What is more, China has retained the world record in big data computing speed for three consecutive years since 2014, which as Hou explained, can be largely attributed to shopping carnivals such as the upcoming Singles Day on Nov 11.

"The Chinese government has provided huge support to R&D activities in recent years, like tax incentives," said Hou. "The enhanced education quality, which nurtured more graduates majoring in sciences, has also created more engineer candidates."

The flexible market ecosystem in China has created more opportunities for companies. In this sense, consumers have a higher tolerance for products at preliminary stages and companies can adopt the trial-and-error strategy, he said.

"With a rich reserve of savings, abundant foreign direct investment, as well as private equity and venture capital firms' increasing interest, innovation vibrancy can remain high in China," he added.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 男女毛片 | 免费视频精品一区二区三区 | 久久4k岛国高清一区二区 | 真人毛片免费拍拍拍aa视频 | 国产99视频精品免费视频7 | japanese国产高清麻豆 | 国产亚洲情侣久久精品 | 在线看片欧美 | 久久免费精品 | 亚洲一区二区三区精品影院 | 亚洲精品一二三四区 | 综合亚洲欧美日韩一区二区 | 亚洲综合资源 | 国产1024观看免费视频 | a及毛片 | 日韩字幕一中文在线综合 | 国产乱码精品一区二区三区网页版 | 免费看的一级片 | 人人干视频在线观看 | 日日干夜夜干 | 一级特级全黄 | 国产v综合v亚洲欧美大片 | 免费黄色a视频 | 国产精品免费视频一区 | 精品福利视频在线观看 | 天天综合久久 | 免费成年人视频 | 青青在线香蕉精品视频免费看 | 国产亚洲精品日韩香蕉网 | 黄色a级在线观看 | 在线中文字幕第一页 | 欧美精品在线免费 | 久久综合综合久久 | 欧美黑大粗硬免费看 | 一级做a爰片性色毛片黄书 一级做a爰片性色毛片新版的 | 欧美激情人成日本在线视频 | 欧美高清在线精品一区 | 特黄特黄aaaa级毛片免费看 | 黄色成年网站 | 午夜羞羞视频在线观看 | 免费精品在线视频 |