日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

Innovation flourishing in China, says UBS report

By Shi Jing in Shanghai | China Daily | Updated: 2017-11-02 08:57

China is transforming from being the world factory to an innovation-driven nation by embracing a fresh wave of innovation, a new report said.

According to the report from Swiss financial firm UBS, China's total research and development investment registered an 18 percent compound average growth rate between 2006 and 2016. If the same momentum is maintained, China will become the world's second largest R&D investor after the United States by 2020, with such investments accounting for 2.5 percent of the total GDP by then.

The country is also home to the second-largest number of so-called unicorn companies, next only to the US. Such companies have a market value over $1 billion each and have been operating for over 10 years. About 20 percent of these Chinese companies have made technology breakthroughs while the remaining 80 percent have made innovations in business models, explained Hou Yankun, chief China strategist at UBS Investment Bank China.

The innovations have been made remarkably in five major areas: education, fintech, electric vehicles, artificial intelligence and big data computing, according to the report.

"China has been making significant progress in scientific research, given the number of patents applied in the country every year and the published Science Citation Index papers," said Hou.

In terms of fintech, Alipay is one of the best examples, as it outnumbered Visa and Master-Card in 2016 in total online transaction volumes, according to UBS. Alipay is the mobile and online payment service of e-commerce giant Alibaba Group Holding Ltd.

Meanwhile, China has taken up 40 percent of the global market share of electric vehicles, with annual sales totaling 500,000 units in 2016.

China has produced 76 percent more papers on the study of AI than the US in 2016 and 2017, also overtaking the latter in terms of the citation rate.

What is more, China has retained the world record in big data computing speed for three consecutive years since 2014, which as Hou explained, can be largely attributed to shopping carnivals such as the upcoming Singles Day on Nov 11.

"The Chinese government has provided huge support to R&D activities in recent years, like tax incentives," said Hou. "The enhanced education quality, which nurtured more graduates majoring in sciences, has also created more engineer candidates."

The flexible market ecosystem in China has created more opportunities for companies. In this sense, consumers have a higher tolerance for products at preliminary stages and companies can adopt the trial-and-error strategy, he said.

"With a rich reserve of savings, abundant foreign direct investment, as well as private equity and venture capital firms' increasing interest, innovation vibrancy can remain high in China," he added.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 午夜私人影院 | 永久免费黄色 | 69亚洲精品 | 国产精品久久久久久久久免费看 | 色鬼综合| 亚洲黄色成人网 | 激情久久综合 | 国产女主播喷水视频在线观看 | 最新国产精品自拍 | 精品一区在线播放 | 豪放女大兵在线观看 | 免费黄色在线 | 国产精品九九 | 黄色片一区 | 99久久久精品 | 成人手机在线播放 | 亚洲天堂久久久 | 日韩精品视频网站 | 少妇高潮露脸国语对白 | 免费在线观看黄色小视频 | 国产综合网站 | 久草色视频 | 国产成人传媒 | 免费在线观看黄色av | 久久密av | 欧美成人h| 放几个免费的毛片出来看 | 天天爽爽| 在线视频 一区二区 | 中文字幕欧美激情 | 国产精品美女一区二区三区 | 国产69精品久久久久久久久久 | 国产精品视频免费 | 国产日韩成人 | 国产在线成人 | 五月婷婷综合网 | 欧美三级视频在线观看 | 黄色网页在线 | 欧美精品偷拍 | av天天色 | 日本一区视频在线观看 |