According to the 2016 Global Innovation Index (hereinafter 2016 GII), recently released in Geneva, China ranked the 25th among the world innovative economies for the first time, while Switzerland, Sweden, the United Kingdom, the United States and Finland ranked top 5 in the list.
GII, jointly issued by WIPO, Cornell University and European Institute of Business Administration, consists of the rankings of innovation capability and results of global economies, covering 82 specific evaluation indicators. China became 25th in the 2016-year list, showing that China is striding forward to become an intellectual property power.
In terms of innovation quality which covers evaluation of academic level, scientific publications and the number of international patent applications, China ranked 17th taking the lead among middle income economies. Further, China is also the leader in 10 indicators such as high tech export ratio, knowledge workers, capability of 15 years old teenagers and company training. Finally China has significant advantages in areas of R&D investment, knowledge and technology output and intangible assets.
