China's output innovative rate to surpass U.S. in 18 months

October 05, 2017

A close China watcher said here Tuesday that if China keeps its current pace in innovative industrial development, the innovative activity share in its total output will likely surpass that of the United States in about 18 months. Daniel Rosen, founding partner of Rhodium Group, said at a forum at Asia Society that in the second quarter of 2012, innovation accounted for 30 percent of total Chinese output, while today the share has come up to around 34 percent.