Original thinking can lead to more innovation
China DailyWorkers operate at a production line of the new energy vehicle AVATR at a workshop of Chang'an Auto in Jiangbei district, Southwest China's Chongqing Municipality, July 20, 2023. According to the World Intellectual Property Organization's Global Innovation Index 2023, China ranks 12th in terms of innovation capacity compared with 34th in 2012. These achievements underscore China's increasing prowess in innovation and its expanding role on the global technology stage. And its R&D expenditure intensity measured at 2.64 percent, more than the EU's average, which shows China is on the way to becoming a global leader in innovation. According to the 2023 European Union Industrial R&D Investment Scoreboard, 679 Chinese companies were listed among the global top 2,500, with Huawei, Tencent, Alibaba and China State Construction making it to the top 50, highlighting Chinese enterprises' innovation capacity and competitiveness on the global stage.