ANALYZING THE ROLE OF INNOVATION INDICES IN CHINA'S ECONOMIC DEVELOPMENT
Abstract
This article analyzes the role of innovation factors and global innovation indices in China’s remarkable economic achievements over the past decades. The study explores China's strategic approach to fostering innovation-led development, particularly through major national programs such as "Made in China 2025" and the country’s 13th and 14th Five-Year Plans. Special attention is given to the mechanisms by which innovation has transformed China’s industrial structure and positioned the country as a global technological leader. The research relies on data from the Global Innovation Index (GII), R&D expenditure, patent activity, and human capital investments to evaluate China’s innovation performance. Furthermore, the paper examines the country's digital economy, university-industry collaboration, international research cooperation, and high-tech exports as key drivers of innovation capacity and sustainable growth. Findings reveal that innovation indices serve not only as performance measurement tools but also as strategic policy instruments that guide China’s long-term development. The conclusion discusses the strengths and limitations of China's innovation model and offers insights for other emerging economies seeking to build knowledge-based growth systems.
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