China’s intangible investment share of GDP has risen swiftly over the past two decades, but despite the substantial top-line growth, it appears that overall spending on intangibles in China has largely been policy driven, rather than deriving from firm-level innovation.

This chart shows “intangible investment” in China as a share of GDP, broken down by three categories: Software, Innovative Property and Economic Competency, as estimated by The Conference Board.

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China Center Publications
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