China replaces Germany in top 10 most innovative countries

According to the Global Innovation Index (GII) 2024 released on September 16, which evaluates 139 economies based on 78 criteria, Switzerland continues to hold the leading position since 2011. Following are Sweden and the US, while China replaces Germany in 10th place.

This result reflects the strong investment of enterprises in Beijing in the field of research and development (R&D).

The GII report shows that China is on track to become the world's largest spender on R&D, as it rapidly closes the gap in private sector funding.

However, the overall global innovation outlook is being weighed down by a slowdown in investment: global R&D growth is expected to reach just 2.3% this year, down from 2.9% last year and the lowest since the 2010 financial crisis.

In 2024, China will account for about 25% of all international patent applications, remaining the largest applicant country. Meanwhile, the US, Japan and Germany all saw a slight decline, with 40% of applications.

According to experts, patent ownership is an important indicator reflecting a country's economic strength and industrial capacity.

Sacha Wunsch-Vincent, co-editor of the GII, said Germany’s drop to 11th place was not a cause for concern in the long term, noting that this year’s rankings did not reflect the impact of tariffs imposed by the Trump administration.

“The challenge for Germany now is how, in addition to its decades-long strong position in industrial innovation, it can also emerge as a powerhouse in digital innovation,” said Daren Tang, Director General of the World Intellectual Property Organization (WIPO).

The list of the top 10 most innovative countries this year, in order, includes:

1. Switzerland

2. Sweden

3. America

4. South Korea

5. Singapore

6. England

7. Finland

8. Netherlands

9. Denmark

10. China

Source: https://baovanhoa.vn/nhip-song-so/trung-quoc-thay-the-duc-trong-top-10-quoc-gia-doi-moi-nhat-168569.html