China moved into the top 10 of the United Nations’ annual ranking of most innovative countries for the first time Tuesday, replacing Europe’s largest economy, Germany, as firms in Beijing invest heavily in research and development. Switzerland remained in first place, a position it has held since 2011, followed by Sweden and the United States, while China was in 10th place in the Global Innovation Index (GII) survey of 139 economies that ranks them based on 78 indicators.
China is on track to become the biggest R&D spender as it rapidly closes the gap in private sector financing, the GII showed.
China contributed about a quarter of international patent applications in 2024, remaining the biggest source of them, while the US, Japan and Germany – which together make up 40% of total applications – all recorded slight declines.
