Economic Trends Briefs

ECB, Canada, and Sweden broaden the Developed Market rate cut cycle, while the Federal Reserve and Bank of England stay with higher-for-longer policy.

While China is poised to become an innovation challenger, will it out-innovate its global competitors? Our research finds that compared to the U.S., twice as many CEOs in China say they have an actual process in place for measuring innovation.

China has recognized the need to put its giant economy on a path toward developing an innovation culture, an initiative that could position it to challenge the U.S. as a global leader of innovation. But despite a massive investment in research and development, the nation faces some significant barriers to reaching its goal.

Intangible assets are especially important for China. Its remarkable rapid growth over the past three decades has enormously enlarged China’s manufacturing relative to that of the US, but in terms of labor productivity China appears to still be far away from American levels.