In their recently released report The Fat Tech Dragon: Baseline Trends in China’s Innovation Drive, the Centre for Strategic and International Studies (CSIS) have sought to make a quantitative assessment of where China stands in terms of innovation. In doing so they have assessed a wide range of macro-economic indicators; going beyond simply measuring R&D as a percentage of GDP, to paint a broader picture of the China innovation story, its links to industrial policy, and its implications for companies; both Chinese and multinational.
The European Chamber is delighted to welcome project leader and Deputy Director of the Freeman Chair in China Studies at the CSIS, Scott Kennedy to introduce the results of this report, and to explain why he has concluded that despite achieving relative high tech success, when it comes to innovation China is not getting ‘bang for their buck’ and why major investments, especially in development, are not translating efficiently into commercially successful output.
In addition to telling the story behind the numbers, this report highlights the implications of these findings for companies and for government policy. Is all the spending worth it; is it good to be a 'fat tech dragon'? For multinationals, how do they respond to China’s willingness to make colossal R&D investments and to discriminatory industrial policy that this report identifies as a key component of China’s future high tech success?
Agenda
09:00-09:30 Registration
09:30-09:35 Welcome Remarks by Mats Harborn, President, European Union Chamber of Commerce in China
09:35-10:15 The Fat Tech Dragon: Baseline Trends in China’s Innovation Drive, Scott Kennedy, Deputy Director of the Freeman Chair in China Studies at the Center for Strategic and International Studies (CSIS)
10:15-11:00 Q&A session, moderated by Mats Harborn, President, European Union Chamber of Commerce in China
*Please note the views expressed in this event are those of our guest speaker and do not necessarily reflect the position of the European Union Chamber of Commerce in China.
About CSIS
Established in Washington, D.C. over 50 years ago, the Center for Strategic and International Studies (CSIS) is a bipartisan, nonprofit policy research organization dedicated to providing strategic insights and policy solutions to help decision makers chart a course toward a better world. Founded in 1962 by David M. Abshire and Admiral Arleigh Burke, CSIS is one of the world’s preeminent international policy institutions focused on defense and security; regional study; and transnational challenges ranging from energy and trade to global development and economic integration. For the past six years consecutively, CSIS has been named the world’s number one think tank for international security by the University of Pennsylvania’s “Go To Think Tank Index.”
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