China's Innovation Strategy | Forbes Magazine - 0 views
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Pranesh Prakash on 16 Aug 10And the R&D money is not generating a commensurate volume of new patents. Taiwan manages five times as many a year and Japan 30 times. Most significantly, China isn't commercializing its inventions, a result of top-down-driven allocations of R&D money, not naturally innovative state-owned companies and a lack of a system of venture funding.