Wednesday, February 2, 2011

China catching EU on innovation, amid industrial espionage scandals


euobserver.com

EUOBSERVER / BRUSSELS – China is catching up fast with the EU in research and innovation, according to a study published by the European Commission ahead of a meeting of EU leaders on the same issue. But industrial spying scandals in France and the US have painted China's economic ambitions in a disturbing light.

The US and Japan are way ahead of Europe, while China and Brazil are catching up fast with the old continent in the number of patents issued, private and public expenditure dedicated to research and development, and academic research on cutting-edge technologies, the EU's latest "Innovation Union Scoreboard 2010" shows.

Within the EU, Sweden is top, followed closely by Denmark, Finland and Germany. Latvia, Bulgaria, Lithuania and Romania are at the lower end.

"The scoreboard highlights the innovation emergency in Europe," EU commissioner for innovation, research and science, Maire Geoghegan-Quinn said. "If Europe stands still we will see the US disappear into the distance just as we feel emerging nations breathing down our necks."

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