People's Daily Online -- Ten percent of enterprise revenue made through innovation in China
This is an interesting article with lots of stats and a survey of 1600 senior managers who generally believe that income generated by innovation will increase in the future. From a survey by the National Statistics Bureau 70% of China’s enterprise revenue comes existing products and services, 20% from improvements to these products and services and 10% from innovation. Private enterprises profit most from innovation at 13% whilst state owned companies’ revenue from innovation is below the national average.
The group of senior managers surveyed generally believes that income generated by innovation will increase in the future. To achieve this 87% are looking to investment in increasing human resources in the next 3 years, 73% in better equipment and 15% plan to spend more on patent purchasing.