What to expect from China's innovation drive?

<div>China is investing heavily in science and technology: from 2011 to 2021, internal R&amp;D spending jumped from 869 billion to 2.79 trillion Yuan. What has been the effect of this increase, and is it commensurate with the amount of spending? <a href="https://www.bruegel.org/author/giuseppe-porcaro/">Giuseppe Porcaro</a> sits down with <a href="https://www.bruegel.org/author/alicia-garcia-herrero/">Alicia Garcia-Herrero</a>, <a href="https://www.bruegel.org/author/reinhilde-veugelers/">Reinhilde Veuglers</a> and <a href="https://www.bruegel.org/author/naubahar-sharif/">Naubaha Sharif</a>, to discuss the innovation system in China, the strengths and weaknesses of its state-led R&amp;D strategy, and what lies ahead for the international situation where geopolitics seems to overshadow cooperation. <br> <br> This episode is part of the ZhōngHuá Mundus series of The Sound of Economics.<br> <br> </div> <div>ZhōngHuá Mundus is a newsletter by Bruegel, bringing you monthly analysis of China in the world, as seen from Europe. <a href="https://bruegel.secure.force.com/events/UpdateAcc?sf=1&amp;s4=1">Sign up now</a> to receive it in your mailbox!</div>