Chinese cities turn to innovation as engine for development – Guangzhou still lag

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. Continue reading “Chinese cities turn to innovation as engine for development – Guangzhou still lag”

Chinese cities turn to innovation as engine for development – WeChat

CGTN | 27-May-2020 | Tencent WeChat

Tencent, one of the world’s largest digital tech companies, created WeChat, which boasts 1.1 billion monthly active users. The added value of a new generation of the information technology industry in Shenzhen was 477 billion yuan in 2018, accounting for 20 percent of the city’s GDP. Continue reading “Chinese cities turn to innovation as engine for development – WeChat”