We identify a puzzling management practice gap in China. In the South, a one standard deviation increase in firms …

has been shown before, but also in China and Germany. This implies that new ideas and innovations are universally harder … estimates obtained for the U.S. In China, we observe a substantial expansion of research activities during the first and second … by half in only three years. We argue that China’s substantial decrease in research productivity is related to …

"The forthcoming fourteenth Five-Year Plan (2021-2025) emphasizes innovation as the driving force to double China's GDP … and income per capita until the year 2035, implying five percent annual output growth. China's innovative and economic … important to economic performance than subsequent government intervention in these markets. Notwithstanding China's substantial …