China is among the 20 most innovative economies for the first time | World Economic Forum

China is among the 20 most innovative economies for the first time | World Economic Forum
In the last few decades, China has made huge progress in science and technology. This new age of innovation has seen the birth of ‘unicorn’ tech companies like media giant Tencent, the ‘Uber of China’ Didi Chuxing, and the world’s biggest drone builder, DJI.
Now, for the first time, China has broken into the top 20 of a global list of the most innovative economies.
The latest Global Innovation Index singles out China for its rapid transformation into an innovation powerhouse. It has risen consistently up the rankings, in 2015, it was in 29th place, the following year it rose four places to 25th place and in 2017 up three places to 22nd.