Innovation versus imitation: Where all that Chinese R&D is g

China is aiming to become a technological innovation powerhouse by 2050, with Premier Li Keqiang recently announcing an increase in R&D investments by 7% for the next five years. But greater R&D investment is no guarantee of success. This column examines the effects of R&D investments by Chinese firms on aggregate productivity and growth. The authors find that innovation plays

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China , Taiwan , United States , India , Russia , United Kingdom , Russian , Chinese , American , Taiwanese , Jc Suarez Serrato , Li Keqiang , Fabrizio Zilibotti , China National Innovation , Journal Of The European Economic Association , Development Strategy , European Economic Association Congress , Premier Li Keqiang , National Innovation Driven Development Strategy , Because Taiwan , European Economic Association , Ct Hsieh , American Economic Review , Brookings Papers , Economic Activity , Quarterly Journal , Theoretical Economics , Zheng Song , Economic Review , Economic Association , Economics , Development , Research , Policy , Development Economics ,