Institutional barriers still inhibit China despite tremendous growth in science and technology.
China has witnessed tremendous growth in science and technology (S&T) inputs in terms of university students, research and development (R&D) investments and S&T workforce:
University students. On the input side, investment by the state in higher education led to an approximate tenfold increase from 2 million in 1991 to 19 million by 2007. Gross enrollment rates of 18-22 year olds rose within around 15 years from 3.5% early in the 1990s to 22%. The 15-year (2006-2020) Medium-to-Long-term Plan for the Development of S&T (MLP) aims to increase gross enrollment rates to 25% by 2020. Half of China's university students major in science and engineering subjects.
To read the full, original article click on this link: Innovation Lags In China - Forbes.com
Author: Oxford Analytica
