CGTN | 27-May-2020 | Innovative Centers | Beijing, Shenzhen, Guangzhou
Despite Beijing, Shenzhen innovations successes, some other cities in China still lag. Guangzhou is one of them. In recent years, it has devoted no more than 3 percent of its GDP to R&D, almost half of the investment made by innovative centers like Beijing and Shenzhen. Guangzhou only saw 10,000 invention-creation patents granted in 2018. This puts this first-tier city in the same league as second-tier centers.
But, change might be in the cards for Guangzhou. Local authorities have already drafted long-term developmental plans. The city is trying to tap into its geographical position in the Pearl River Delta and geostrategic location along the Belt and Road to turn into a world first-class city in the economy, tech, and livability.
Chinese cities are turning to innovation as the engine for growth. China is becoming more than just the manufacturing center of the world. It’s growing into a leader of the future.
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