China’s Rise to Innovator
China has emerged as a significant competitor in the global technological race, leveraging its manufacturing capabilities and academic achievements. China’s patent output has surged in recent years, surpassing the USA in various key areas.
Current Challenges for China
China faces challenges such as deflationary pressures affecting technology adoption in businesses, unpredictable regulatory environment, and increasing centralization of its innovation strategy.
Implications for Investments
The competition between China and the West for technological leadership continues, with the USA’s efficient capital market and China’s extensive and cost-efficient production sector playing major roles. Investing in Chinese tech leaders is highlighted as a strategic approach.
For more information, refer to the original research paper and Amundi Research Center.
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