Economists and entrepreneurs attending a sub-forum of the 2013 Boao Forum for Asia Annual Conference have discussed how Chinese firms, faced with rising costs and shrinking returns, must innovate to survive the global economic slowdown.
But the country’s longstanding weakness in innovation remains the most pressing issue facing Chinese society, they acknowledged, at a sub-forum ahead of the opening of the annual conference in south China’s Hainan Province.
The question is, why?
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