From www.eurekalert.org ...
If China wishes to move from investment-led growth to sustainable, innovative growth, it will need to improve its intellectual property protection
As China's working age population shrinks and cheap labour dries up, the country's leaders have been keen to stress the urgency to move from an economy based on investment and heavy industry to a sustainable, innovation-led one.
According to a new paper by Lily Fang, INSEAD Associate Professor of Finance, forthcoming in the Review of Financial Studies, Intellectual Property Rights Protection, Ownership, and Innovation: Evidence from China, the success of these efforts will depend on building more robust institutions. To see the entire article click https://www.eurekalert.org/pub_releases/2017-01/i-cif010417.php