WIPO Report: China Moves up in World's Innovation Rankings

The Global Innovation Index (GII)2014, in its 7th edition this year, has been co-published and released by WIPO, Cornell University, INSEAD recently. For the GII 2014, Switzerland remains the leader for the fourth consecutive year. China mainland has improved its position and reached the 29th.

According to the GII 2014, Switzerland, the United Kingdom and Sweden，Finland and Holland topped this year's Global Innovation Index as the most creative economies. China mainland has made its progress by　improving 6 places to the 29th. The top 25 economies on the list this year have high-income. China, Brazil and India are leading the head among the middle-income economies. Among low-income countries, the Sub-Saharan African region posted significant regional improvement in the annual rankings. 

Meanwhile, top performing middle-income economies are closing the gap with high-income economies. Singapore is the leading economy in Asia with its 1st place of the Innovation Input Sub-Index globally. The index lauded China's progress for several times and China's ranking is now comparable to that of many high-income economies. The progress of China in the rankings is among the most notable in the BRICS (Brazil, Russia, India, China, and South Africa), and China seems on track to enter the top 10 in the GII in the next following years.

According to Francis Gurry, Director General of WIPO, launching the GII reflects the uniqueness of the GII as tool for measuring and improving innovation performance. It recognizes the centrality of innovation for a strong, sustainable and balanced growth path. It recognizes the key role of innovation, global market and IPR system as drivers of economic growth and prosperity.

Over the last seven years, the GII has established itself as a leading reference on innovation. It surveys 143 economies around the world, using 81 indicators and several factors including institutions, human, R&D, facilities, market, knowledge technology and innovation, to gauge both their innovation capabilities and measurable results.  

 (Source: China IP News)