久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

USEUROPEAFRICAASIA 中文雙語(yǔ)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: 日韩一级免费毛片 | 午夜一级毛片免费视频 | 亚洲午夜国产精品 | 久久精品国产只有精品6 | 一级片aaaa | 免费一级特黄 欧美大片 | 在线欧美国产 | 黄色美女视频免费 | 国产高清在线精品 | 国产成人免费高清在线观看 | 亚洲第一网站在线观看 | 欧美成人免费网在线观看 | 免费国产成人高清无线看软件 | 成人网18免费软件大全 | 亚洲视频综合网 | 久久久成人网 | 亚洲免费一 | 成人18免费观看的软件 | 中文字幕亚洲高清综合 | www久久| 日韩亚洲在线 | 国产精品高清视亚洲精品 | 中文字幕无线码中文字幕网站 | 亚洲精品播放 | 欧美在线高清视频 | 国产成人经典三级在线观看 | 自拍偷在线精品自拍偷无码专区 | 国产91丝袜美腿在线观看 | 成年女人免费毛片视频永久 | 久久99精品久久久久久综合 | 久久精品最新免费国产成人 | 成人免费在线播放视频 | 国产成人精品午夜在线播放 | 羞羞一区二区三区四区片 | 日韩一区二区在线免费观看 | 日韩在线一区二区三区 | 久久草在线视频免费 | 亚洲第一黄色网 | 麻豆影音 | 亚久久伊人精品青青草原2020 | 国产成人亚洲综合网站不卡 |