汇丰银行-创新中国，重拳出击-中国-宏观经济-20171010-hsbc-china innovation punching above its weight

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1、10October2017ChinainnovationECONOMICSCHINAPunchingaboveitsweightChinaistheonlydevelopingeconomyinthetop25mostinnovativecountriesandisthethird-largestpatentoriginatorEconomiesofscale,afinancialandsupplier‘eco-system’,humancapital,goodinfrastructureands

2、upportivepolicieswillsustainitsriseasaninnovationeconomyThereisstillmuchtodo,butifcontinued,innovationwillhelpChinaescapeitsmiddleincometrapBarelyadecadeaftertheGlobalFinancialCrisis,China’seconomyisrapidlysheddingits‘factoryoftheworld’pastandembracinganin

3、novativefuture.OverthepastfewmonthswehavepublishedreportsshowinghowChineseindustryhasmoveduptheJuliaWangEconomist,GreaterChinavaluechaininsectorsrangingfromelectriccarstocleanenergy(China’ssmartmove),TheHongkongandShanghaiBankingCorporationLimitedspearheade

4、dbyadynamicprivatesector(China’sprivatesectorrevsup).Inthisreport,juliarwang@hsbc.com.hk+85236043663welookatadifferentbutrelatedphenomenon,theriseofChina-madeinnovation.QuHongbinFromadvancesininternettechnologyande-commercetosmartphonesandbigdata,ChiefEcono

5、mist,GreaterChinaTheHongkongandShanghaiBankingCorporationLimitedChinaisimprovingeconomicefficiency,meetingcustomerneedsandengineeringhongbinqu@hsbc.com.hknewandbetterproductsandservices.Itistheonlydevelopingeconomyinthetop25+85228222025countriesoftheGlobalI

6、nnovationIndexcompiledbytheWorldIntellectualPropertyHeatherLi*AssociateOrganisation(WIPO).Itisalsogeneratesthethird-highestnumberofpatentsintheTheHongkongandShanghaiBankingCorporationLimitedworld.Foracountryinmanyaspectsstillinthe‘catch-up’phaseofdevelopmen

7、t,heather.q.li@hsbc.com.hk+85229966574Chinaispunchingaboveitsweightoninnovation.ChiTsang*Thereareplentyofreasonswhyitshouldgetevenbetteratthis.Fourstandout:GlobalHeadofInternet&E-commerceResearchTheHongkongandShanghaiBankingCorporationLimited(1)economiesofs

8、cale,enabledbyrapidandexpansiveurbanisation,provideastrongheather.q.li@hsbc.com.hkincentiveforcompaniestoexperimentandafastroutetocommerciality;(2)avibrant+85228222590eco-systemsupportsagrowingventurec