« Hype and Reality | Home | Disruptive Innovation »
31.01.06
China investing in its future
I am deeply respectful to Niels Bohr’s statement that ’prediction is difficult, especially if it involves the future’. Nevertheless, I am highly interested in anticipating future developments according to current information. At the recent gathering in Davos, statistical data about China’s expenditure on R&D has been released. According to a summary, ’[China’s] spending on basic R&D amounted to 11.72 billion yuan, up 33.7 percent, and that on application R&D 40.05 billion yuan, a rise of 28.6 percent from 2003, while the spending on experiment R &D totaled 144.87 billion yuan, an increase of 27 percent.’
If Lev’s results on the effect of R&D-intensive organisations on long-term performance and IPO-valuation (see also a previous post) are correct (and I assume so), than I predict a much faster growth of China’s economy than reported in Goldman Sachs’ report. The report says that China’s economy will be larger than the US by 2041.
You may wish to leave a from your own site.
