Doug Bandow Senior Fellow, Cato Institute
May 18 , 2018
Substantial political controls over Chinese businesses may prove incompatible with a creative, innovative economy.
Edmund Phelps Director of the Center on Capitalism and Society at Columbia University
Mar 08 , 2018
Whilst China is appreciating the benefits of free competition, the West seems to have forgotten them.
Chen Baoming Director of Institute of Comprehensive Development, Chinese Academy of Science and Technology for Development (CASTED)
Ding Minglei Assistant Research Fellow of Institute of Comprehensive Development, Chinese Academy of Science and Technology for Development (CASTED)
Jul 03 , 2017
Currently, the world economy is at a critical juncture as new drivers of growth take the place of old ones. Chinese President Xi Jinping addressed the challenges of downward economic cycle lies in supply-side structural reforms. Obviously, the new growth cycle must be built upon a new structure - one that features the extensive application of S&T innovation results.
A recent McKinsey Global Institute report titled "The China Effect on Global Innovation" finds that China has the potential to evolve from an innovation sponge - absorbing and adapting global technologies and knowledge - to an innovation leader. As a matter of fact, China is far better at innovation than is generally known and, in some kinds of innovation, is already emerging as a global leader.