Shanghai leads way in innovation

SHANGHAI leads 20 cities in attracting professionals in universities and institutions, according to a report by Shanghai Science and Technology Innovation Resources Center and information and analytics company Elsevier.

More than 300 experts and business insiders gathered to discuss big data in future research and development on Monday, coinciding with the report’s releases.

The report, “Data and Insights of International Science, Technology and Innovation,” chose 20 major innovating cities including Tokyo, London, Singapore, New York, Berlin and Moscow. Four Chinese cities, Beijing, Shanghai, Shenzhen and Hong Kong were on the list.

Focusing on R&D, the report looked at papers published. Each year, scientists in Shanghai publish over 50,000 papers, which ranked fourth among the 20 cities.

Sarah Huggett, publishing information manager at Elsevier, said the report looked into science research from three different angles: papers published and referenced, talent and cross-regional cooperation.

“The flux of professionals around the world is crucial in today’s science and technology development,” said Huggett. “They made all the achievements and the world as we see it.”

The report showed Shanghai and Shenzhen ranked second and third in attracting nonlocal professionals. London was first.

Shanghai leads in cultivating researchers in universities and institutions, yet the number of researchers in government, hospitals and companies is low.

But innovation investment in Shanghai is three times that of London. Its capital output ratio is also higher than in Beijing, Hong Kong and Shenzhen. Such figures reflect the effort Shanghai has put in to become the center of science and technology innovation of China.