Fed: An Assessment of China's Innovative Capacity
August 06, 2025
August 06, 2025
WASHINGTON, Aug. 6 -- The Federal Reserve issued the following Fed Notes article by Sina T. Ates and Sharon Jeon:
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An Assessment of China's Innovative Capacity
Over the past two decades, China has become a manufacturing powerhouse while quadrupling its per capita output and significantly closing the large per capita income gap with developed economies, with China's per capita income now about 20 percent of U.S. per capita income, compared to . . .
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An Assessment of China's Innovative Capacity
Over the past two decades, China has become a manufacturing powerhouse while quadrupling its per capita output and significantly closing the large per capita income gap with developed economies, with China's per capita income now about 20 percent of U.S. per capita income, compared to . . .