WIPO released 2017 global innovation index, China's ranking rose to 22

Source: China pharmaceutical innovation promotion association may 8, 2018 in June 2017, the World Intellectual Property Organization (WIPO), Cornell University and INSEAD jointly released the global innovation index 2017 (GII 2017) China ranks 22nd in the global innovation index, up 3 places from 2016 Since 2007, GII has been conducting annual survey and Analysis on patent application status, education expenditure and other indicators of about 130 economies around the world, reflecting the impact of global innovation activities on economic growth and social development, and providing decision-making basis for decision makers GII 2017 pointed out that in 2017, Switzerland ranked first in the innovation comprehensive index ranking for the seventh consecutive year; in 2016, China became the first middle-income country to enter GII top 25 In 2017, China was still the only middle-income country in giitop 25, but the ranking rose to 22 The rise of China's GII ranking reflects the improvement of its business maturity, knowledge and technology output capacity In 2017, China excelled in the number of global R & D companies, enterprise research talents, patent applications and other intellectual property related parameters, and ranked third in the world in terms of the efficiency ratio of innovation (the ratio of innovation output to input, reflecting the output efficiency of innovation system and related policies) In East Asia, Southeast Asia and Oceania, Singapore, as the innovation leader in Southeast Asia, has the best performance in most indicators South Korea maintains the highest ranking in terms of patents and other intellectual property related indicators, while ranking second in terms of human resources and research Its business sector has made significant contributions to research and development Japan ranks third in the region and is the top 10 economy in terms of research and development, information and communication technology, Global trade, market competition, market size, knowledge absorption, creation and dissemination China's innovation index ranks behind Singapore (6), South Korea (11), Japan (14), Hong Kong (16) and New Zealand (21), indicating that China's innovation investment activities still need to be strengthened "Innovation is the driving force of the global knowledge intensive economic growth, but more investment is needed to promote human creativity and the efficiency of economic output," said Francis gurry, director general of WIPO "Innovation is conducive to promoting long-term economic growth." Reference: WIPO, global innovation index 2017: Switzerland, Sweden, Netherlands, USA, UK Top annual ranking