China Moves Up in Global Ranking of Innovation in Countries

According to this year's GII report, China was the main driver for a record increase in intellectual property filings in 2016. The country also has been a leading investor in autonomous vehicles, education technology, virtual reality, robotics, advanced manufacturing, artificial intelligence, and machine learning, according to another global innovation report by the Atlantic Council, a Washington D.C.-based think tank focusing on international affairs. The country accounts for 42 percent of the global e-commerce market and boasts about being home to one-third of the world's startup companies valued at $1 billion or more.