China is inching toward a higher position on the world’s innovation index ranking. A report released on August 18 placed it 17th on the index measuring innovation capability out of 40 major ranked countries.
The national innovation index report 2016-17 by the Chinese Academy of Science and Technology for Development (CASTED) shows the top five countries as the United States, Japan, Switzerland, South Korea and Denmark.
China moved one place higher in 2016, surpassing Belgium. It is the only developing country among the