China catching up fast with US innovative industrial development

New York: A close China watcher said here Tuesday that if China keeps its current pace in innovative industrial development, the innovative activity share in its total output will likely surpass that of the United States in about 18 months. 

Daniel Rosen, founding partner of Rhodium Group, said at a forum at Asia Society that in the second quarter of 2012, innovation accounted for 30% of total Chinese output, while today the share has come up to around 34%.

(The Pathfinder Foundation and the Xinhua News Agency signed an Agreement to jointly publish ‘China Watch’ a special compilation of news from China tailor-made for a Sri Lankan readership/audience. Can view on www.pathfinderfoundation.org.)