An Assessment of China’s Innovative Capacity

Sina T. Ates and Sharon Jeon
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Sina T. Ates: https://www.federalreserve.gov/econres/sina-t-ates.htm

No 2025-08-05-1, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: 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 just over 5 percent in 2004. (Figure 1a). However, China's economic growth has been declining in recent years.

Date: 2025-08-05
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2025-08-05-1

DOI: 10.17016/2380-7172.3819

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