China has been ranked third in the world for innovation by global business leaders, according to the GE 2018 Global Innovation Barometer¹ Report released Friday in Shanghai.

 

本周五GE在上海公布2018全球创新风向标，全球商界领袖认为中国的创新力世界排名第三。

 

The report polled over 2,000 business executives responsible for R&D and product development from 20 countries and regions, to gauge² their perception on the evolving state of innovation across the globe.

 

The United States was ranked the most innovative³ country among business leaders, but it has continued to trend downward since 2014, the report said.

 

Japan ranked second, with China taking third place, overtaking Germany.

 

Fourteen percent of global executives regarded China as leading in innovation, a 4-percentage-point increase than the last survey in 2014.

 

Meanwhile, 73 percent of Chinese executives believed that China has an environment conducive⁴ to innovation.

 

"As China transits⁵ to a more innovation-driven economy, an understanding of how businesses deal with this change is critical to operating in this environment," said Rachel Duan, president and CEO of GE China.

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