Haiyan Wang: Innovation in Research and Development

Expert on global strategy, Haiyan Wang talks about the rise of research and development in China. The massive drive for quantity has come at the sacrifice of quality. When you look at the massive number of inputs and compare it to the number of outputs, it is very clear that China's R&D machine is not productive. One of the main reasons that it's not productive is because innovation requires a rich stock of knowledge which China doesn't have yet. Secondly, China's R&D fund allocations suffer heavily from being too politicized. Lastly, when you look at China's investments into new technologies, it is mainly in a production capacity, such as wind farms and solar farms that are not even connected to a grid. 

Haiyan Wang is managing partner of China India Institute, a research and advisory organization with a focus on the transformational rise of emerging markets, foremost China and India, and implications for key stakeholders. Noted the world over for her vast expertise, she ranked at #25 by Thinkers50 as one of “the world’s most influential management thinkers.” Earlier, she was listed by Thinkers50 in “On the Guru Radar” and short-listed for the “2013 Global Solutions Award” and “2011 Global Village Award.” She has also been named a “New Guru” by The Economic Times.