China’s Lack of Technology Innovation Hurts Growth

Potential for revolution grows unless reforms are made, says economist Gupta.

Even if China’s growth slows, it still will surpass the United States’ GDP leadership in the next 10 to 12 years, but don’t expect the same with its technology innovation, says Anil Gupta, professor at the Smith School of Business at University of Maryland, in remarks made during a discussion about innovation and the economy at the EuroFinance International Cash and Treasury Management conference in Miami, Fla. early this month.

Gupta, a leading expert on strategy, globalization and emerging markets, says that “sometime in the next 10 to 12 years, it is certain China’s GDP as a percent of global share will overtake the U.S. [GDP]. But technologically, it will not overtake [the U.S.] for at least two decades.”

About the Author

Ginger Szala

Ginger Szala

Ginger Szala is the former editor-in-chief and publisher of Futures Magazine Group. She has reported on and written about the global derivatives and managed funds business for the past 32 years. Today she is a freelance journalist, business writer and media consultant.

She received a master's degree in journalism at Northwestern University's Medill School of Journalism.

You can follow her on Twitter @gingerszalaink or e-mail her at: gszala@gingerszalaink.com

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