Beijing, Shanghai Rank 9th and 17th as Global Innovation Centers

Beijing, Shanghai Rank 9th and 17th as Global Innovation Centers

Miao Qi

Date: Fri, 04/20/2018 - 16:33 / source:Yicai
Beijing, Shanghai Rank 9th and 17th as Global Innovation Centers
Beijing, Shanghai Rank 9th and 17th as Global Innovation Centers

(Yicai Global) April 20 -- Eight Chinese cities are in the world’s 100 most innovative cities, with Beijing and Shanghai ninth and 17th, respectively, the Shanghai Information Center announced in its Global Science and Technology Innovation Evaluation Report at yesterday’s opening of the China (Shanghai) International Technology Fair.

Its policy and economic environment cemented Shanghai’s ranking, per the report, which seeks to assess the competitiveness of world cities in scientific research and innovation, and which came out for the first time. Shanghai’s high placing reflects the municipal government’s drive to “develop the city into a global innovation hub,” said Feng Chunxiao, of Shanghai’s development and reform agency, who authored the report.

To augment the eastern metropolis’ attempts to increase investment in innovation, “research into the world’s competitive models in innovation will aid in letting the public and authorities better learn how to advance the city,” Feng said. Shanghai trails San Francisco-San Jose and New York in the US -- first and second, respectively -- with London taking the bronze. Paris, Boston and Tokyo occupied the next three slots.

Beijing came in ninth place “as it wins out in science investment and the number of the world’s leading technology concerns,” Feng said, adding that Shanghai is “particularly outstanding in policy and its convenient opportunities to boost innovation, and it has a competitive economic structure from nurturing and clustering advanced industries.”

It is lagging its competitors in fundamental research and the capacity to translate the fruits of research into industrial applications, Feng noted. Domestically, Shanghai can learn from Shenzhen, ranked 33rd, and Beijing in creating more technological patents to enhance innovation. Hong Kong was 18th, Guangzhou 41st, Hangzhou 77th and Tianjin 91st.  

City planners also can draw lessons from the report, she added, to bolster development in such areas as patent applications, while authorities can elicit greater feedback from society to raise financing and commercial development for tech firms, she advised. The report is set for future annual issue.

Editor: Ben Armour

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Keywords: Scientific Innovation Center, Shanghai, Beijing, Silicon Valley, New York