China Emerges as Innovation Leader via Combined State-Private Strategy: Brookings Institute Paper


Source: chinabankingnews.com chinabankingnews.com

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Research from the Brookings Institute indicates that China has emerged as a leading innovator in areas including fintech via the use of a strategy combining the strengths of both state-backed and private market players in the tech sector. The paper by Emily Weinstein, research analyst with the Centre for Security and Emerging Technology at Georgetown University, says that China is disproving the long-standing conviction that it only adept at copycat methods when it comes to tech development, by developing its own unique paradigm for driving innovation. “Discussions surrounding China as a strategic competitor have been shaped by the notion that...