China abruptly became the second largest economy and, at the same time, the second largest R&D spender in the world, aiming openly to become an innovation powerhouse that holds the edge in critical technologies. The significant consequences on global trade flows, international security, governance and economy are increasingly drawing the attention of policymakers, academics, and industry leaders worldwide. The study highlights the main characteristics and trends of the national innovation system in China, as well as its strengths, challenges, and prospects. It examines in...