China considers innovation be one of the key drivers of its future growth and convergence with more developed countries. It spends more than 2.2 percent of GDP on RandD, above the average for the European Union, is a global leader in domestic patents, and has developed groundbreaking advances in...

China is a global leader in the use of ecological compensation ("eco-compensation")-fiscal transfers for environmental and natural resources management. China is one of the most fiscally decentralized countries in the world, with 85 percent of government spending occurring at subnational levels....