Focus on Liang Guoyong, senior economist of UNCTAD: "created by China" is expected to rewrite the world economic map in the future

Liang Guoyong, senior economist of the United Nations Conference on Trade and development, said in an exclusive interview with reporters a few days ago that the growth of China's R & D investment and the improvement of innovation performance will inject vitality into China and even the global economy and help promote the world economic recovery in the post epidemic Era.

Liang Guoyong believes that China's economy has shown resilience in COVID-19, and that high-tech industries, especially the digital industry, play an important role in the process of economic recovery. At present, in the context of accelerating the digital transformation of the global economy, innovation in the field of digital economy will play a positive role in the recovery of the world economy, and Chinese enterprises have highlights in this regard.

The global innovation index recently released by the World Intellectual Property Organization shows that China's global ranking in the field of innovation has maintained a steady upward trend this year. Liang Guoyong analyzed that at the macro level, China's national innovation system structure has been significantly optimized, the efficiency has been significantly improved, the total amount and proportion of R & D expenditure have been continuously improved, and the scientific research output has increased rapidly.

From the micro level, all kinds of innovation subjects, especially the R & D of high-tech industries, are increasing, the scientific research achievements are fruitful, and the commercial transformation effect is good. In terms of the number of patent applications, the electronic information and Internet industries have performed prominently, and some Chinese enterprises have entered the first echelon in the world.

He also said that China's policy support for high-tech industries has been increasing, the protection of intellectual property rights has been strengthened, and the incentive mechanism for innovation and entrepreneurship has been strengthened.

Liang Guoyong believes that relying on scientific and technological innovation to promote transformation and upgrading, China's economic structure is constantly optimizing, changing from factor input driven to scientific and technological innovation driven. In recent years, the proportion of economic activities of high-tech industries in China's economy has been increasing. Scientific and technological innovation has become the main driving force to promote the economic transformation to consumption, service, digital and green.

He said that scientific and technological innovation will help China's foreign trade and foreign investment optimize the structure, improve quality and increase the proportion of local added value. From the perspective of final product output value, China's high-tech industry has made significant contributions to foreign trade and foreign investment. The new changes and trends are mainly reflected in the extension to the high-end of the value chain and high value-added economic activities.

"If 'made in China' has reshaped the world economy in the past few decades, then 'created in China' is expected to rewrite the world economic map in the future," Liang Guoyong said.

Source: Xinhuanet

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