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Bookmark or Share- Why China is making innovation the new engine of growthExpanding innovation footprint. From 2018 to 2023, China's research and development expenditure increased by nearly 70 percent, making a global impact by continuously advancing cutting-edge technologies. Last year, for instance, China applied for 921,000 patents, up 15.3% year-on-year. In fact, China has the largest number of valid domestic ...
- China’s Belt and Road Initiative turns 10. Here’s what to knowChina officially announced the Belt and Road Initiative (BRI) in 2013. The massive infrastructure project aims to connect multiple continents across land and sea. So far, over 200 BRI cooperation agreements have been signed with more than 150 countries and 30 international organizations. This fall marks ten years since Chinese President Xi ...
- How energy infrastructure is shaping geopolitics in East AsiaChina is extensively building its energy infrastructure to revive back its Silk Route. Territory covered by BRI projects spans two thirds of the world’s landmass and 70% of global energy resources, but many of these resources are currently disconnected from reliable energy, water, transport and telecommunication networks. In particular, China ...
- China’s $900 billion New Silk Road. What you need to knowThe aim of the $900 billion scheme, as China explained recently, is to kindle a “new era of globalization”, a golden age of commerce that will benefit all. Beijing says it will ultimately lend as much as $8 trillion for infrastructure in 68 countries. That adds up to as much as 65% of the global population and a third of global GDP ...
- 3 reasons to take the long view on China | World Economic ForumIt is also on track to contribute around a third of global growth in 2023. Looking to the future, China’s ability to continue to foster and generate new sources of growth will be crucial to its own future, as well as that of the globe. 1. Innovation leader. China is already taking a global lead in innovation.
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