As of November 11, 2022, it ranked 11th.

In 2022, China’s ranking in the Global Innovation Index rose from 12th last year to 11th. The top five are Switzerland, the United States, Sweden, the United Kingdom and the Netherlands. In 2012, China's ranking was 34th. Over the past ten years, China has steadily improved and ranked first among middle- and high-income economies.

Looking at detailed data, as of September 22, China had 4.081 million valid invention patents and 41.523 million valid trademark registrations. From 2012 to 2021, the cumulative number of invention patents and registered trademarks authorized by the State Intellectual Property Office increased by an average annual rate of 13.8 and 25.5 respectively. The continued and steady improvement in the global innovation index ranking demonstrates China's strong innovation strength and potential.

China’s achievements in the field of innovation

In the past ten years, the Chinese government and industry have paid special attention to innovative development, using technological innovation as an engine for more sustainable growth. In 2021, China's total investment in research and experimental development will increase 1.7 times compared with 2012, and the proportion of research and experimental development investment in GDP will be 2.44.

By the end of 2021, there will be 330,000 high-tech enterprises and 4,762 "little giant" enterprises in China. "Little Giants" is China's term for some small and medium-sized enterprises that specialize in strategic industries such as software or artificial intelligence, spend a higher proportion of operating funds on research and development, and have the ability to help the country build a complete domestic supply chain. chain.

The Chinese government is also working hard to optimize the financing mechanism for technology companies. The Shanghai Stock Exchange's Science and Technology Innovation Board opened in 2019, and the Beijing Stock Exchange opened in 2021, providing more financing channels for innovation-focused small and medium-sized enterprises.