China's "Intangible Investment" Continues to Underperform
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China's "Intangible Investment" Continues to Underperform

May 08, 2019 | Report

China’s innovation competitiveness is a hotly debated question, one that is now hugely amplified by the US-China trade conflict and the specter of possible technology restrictions impacting operating conditions for MNCs both in China and internationally. This report assesses China’s intangible investment performance, a proxy for innovation spending at the aggregate economy level. The data show that China is investing significantly above average in intangible assets for its stage of economic development. But – China’s intangible investing is not yielding the expected returns on investment that other countries typically achieve with similar investments.

AUTHORS

Xiaohui (Janet)Hao, PhD

Former Senior Economist
The Conference Board

DavidHoffman

Senior Advisor, China Center for Economics & Business
The Conference Board


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