China's success thus far in rapidly shifting from an agrarian to an industrialised society has demonstrated its strength in quickly absorbing, replicating and employing Western technologies. The government is keen to continue the ascent up the value chain but, while state-led R&D efforts have led to breakthroughs in strategic sectors, China's knowledge economy remains weak overall.
Bridging the gap to realise government ambitions will take more than simply imitating foreign...
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