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: 最近2019中文字幕大全第二页 | 浴室偷拍美女洗澡456在线 | 国产精品一区在线 | 国产精品热久久 | 女人十八毛片嫩草av | 在线婷婷 | 亚洲成人精品视频 | 噼里啪啦国语完整在线观看高清 | 黄色特级大片 | av中文字幕免费在线观看 | 麻豆做爰免费观看 | 九九热在线播放 | 国产精品伦一区二区三级视频 | av最新在线| 男人亚洲天堂 | 四虎影视精品 | 欧美视频二区 | 成人看片黄a免费看视频 | 91精品国产综合久久久蜜臀粉嫩 | 国产夫妻自拍av | 国产日韩在线免费观看 | 欧美视频色 | 91社在线 | 黄色av成人 | 国产三级福利 | 手机av免费在线观看 | 一起草在线视频 | 青娱乐在线视频免费观看 | 日韩综合在线 | 国产精品久久久久久久久久久久 | 国产激情二区 | 中文字幕久久久 | 清清草在线视频 | 亚洲h视频在线观看 | 久久久国产一级片 | 国产第1页| 男人深夜网站 | www在线看| 国产一区久久久 | 深爱开心激情 | 亚洲国产经典 |