China’s innovation index up in 2020

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Beijing

The China Innovation Index, the barometer of the country’s innovation capability, continued to climb in 2020, official data shows.

The index, introduced in 2005, increased by 6.4 percent from the 2019 level to 242.6 last year, according to the National Bureau of Statistics (NBS) data.

The index, which comprises four sub-indices, measures the innovation environment, input, output and effects.

Up to 19 out of the 21 indicators in the four categories witnessed increases compared with a year ago, the NBS data shows.

Six indicators, such as the number of brands owned by enterprises and the trade volume of the technology market, reported double-digit growth.

In breakdown, the sub-index for the innovation environment rose 6.3 percent year on year to 266.3.

Four out of five indicators in this field increased, with one indicator that measures the scale of national financial expenditure on science and technology edging down, due to the impact of the pandemic.— Xinhua

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