When the Chinese Communist Party’s central committee wraps up the Third Plenum on November 12, 2014, a shift from efficiency to innovation will likely be one of the major planks in its vision for China. The government’s imperatives are clear: It wants to double incomes by 2020 in the face of a declining population of working-age; an appreciating currency, and, relative to other emerging economies, high and rising wages. Promoting innovation is also one of the eight key reform priorities in the “383” plan being circulated by the State Council’s Development Research Center.
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To read the original article: China Can't Be a Global Innovation Leader Unless It Does These Three Things - Anil Gupta and Haiyan Wang - Harvard Business Review
