Recently, the World Intellectual Property Office (WIPO) launched 2012 Global Innovation Index (hereinafter as GII) in Geneva. According to the report, the top three countries were still Switzerland, Sweden and Singapore. Hong Kong ranked the eighth while Mainland of China ranked the 34th.
The report covered 141 most important and typical countries and economies in the world. Among the top ten countries and regions, 7 were from Europe and 2 were from Asia, i.e. Singapore and Hong Kong of China. The United States took the tenth position. Ireland replaced Canada and was among top 10.
The report also listed innovative leaders in different regions on the basis of innovative ability and output by 141 countries and regions. In terms of innovation efficiency, China ranked the No.1, followed by India, Moldova and Malta. The report gave particular attention to innovative abilities of BRIC countries, i.e. Brazil, Russia, India and China. It is said that BRIC countries should continue to invest more in infrastructure fields.