China Innovation
Perspective
Steven Veldhoen
Anna Mansson
Bill Peng
George Yip
Bruce McKern
An Emerging Innovation Power
2013 China Innovation Survey
Contact Information
Booz & Company
China Europe International Business School
Beijing
Steven Veldhoen
Partner
+86-10-6563-8300 steven.veldhoen@booz.com George Yip
Professor of Management gyip@ceibs.edu Bill Peng
Principal
+86-10-6563-8345 bill.peng@booz.com Bruce McKern
Professor of International Business bmckern@ceibs.edu Shanghai
Sarah Butler
Partner
+86-21-2327-9800 sarah.butler@booz.com John Jullens
Partner
+86-21-2327-9800 john.jullens@booz.com Huchu Xu
Partner
+86-21-2327-9800 huchu.xu@booz.com Anna Mansson
Principal
+86-21-2327-9941 anna.mansson@booz.com The authors would like to thank Booz & Company’s John Jullens, Charles Wong, Olivier Pincon, Eric Chen, and Michelle Wang for their contributions to this Perspective. In addition, the authors would like to thank Mariska Kiewiet de Jonge, general manager,
Shanghai, and Robbert Gorris, general manager, Beijing, of the Benelux Chamber of Commerce in China, along with Bofan Wu, publisher of 21st Century Business Review.
Booz & Company
INTRODUCTION
China is regaining its historical position as a global innovation power.
The nation that brought the world such inventions as water-powered mills, paper money, and explosives is increasingly viewed as a center of 21stcentury innovation excellence. That said, corporate and government leaders know that Chinese companies must move up the value chain for China to achieve “developed nation” status, and that the way to do this is by focusing on new technologies, product offerings, and services within the country. Local companies continue to spend massively on R&D, the government sector is actively supporting their efforts, and multinational companies (MNCs) are making large investments in China as a laboratory and workshop for global innovation. The
Steven Veldhoen
Anna Mansson
Bill Peng
George Yip
Bruce McKern
An Emerging Innovation Power
2013 China Innovation Survey
Contact Information
Booz & Company
China Europe International Business School
Beijing
Steven Veldhoen
Partner
+86-10-6563-8300 steven.veldhoen@booz.com George Yip
Professor of Management gyip@ceibs.edu Bill Peng
Principal
+86-10-6563-8345 bill.peng@booz.com Bruce McKern
Professor of International Business bmckern@ceibs.edu Shanghai
Sarah Butler
Partner
+86-21-2327-9800 sarah.butler@booz.com John Jullens
Partner
+86-21-2327-9800 john.jullens@booz.com Huchu Xu
Partner
+86-21-2327-9800 huchu.xu@booz.com Anna Mansson
Principal
+86-21-2327-9941 anna.mansson@booz.com The authors would like to thank Booz & Company’s John Jullens, Charles Wong, Olivier Pincon, Eric Chen, and Michelle Wang for their contributions to this Perspective. In addition, the authors would like to thank Mariska Kiewiet de Jonge, general manager,
Shanghai, and Robbert Gorris, general manager, Beijing, of the Benelux Chamber of Commerce in China, along with Bofan Wu, publisher of 21st Century Business Review.
Booz & Company
INTRODUCTION
China is regaining its historical position as a global innovation power.
The nation that brought the world such inventions as water-powered mills, paper money, and explosives is increasingly viewed as a center of 21stcentury innovation excellence. That said, corporate and government leaders know that Chinese companies must move up the value chain for China to achieve “developed nation” status, and that the way to do this is by focusing on new technologies, product offerings, and services within the country. Local companies continue to spend massively on R&D, the government sector is actively supporting their efforts, and multinational companies (MNCs) are making large investments in China as a laboratory and workshop for global innovation. The