China among top 10 in WIPO 2025 Global Innovation Index

The World Intellectual Property Organization (WIPO) released the 2025 Global Innovation Index on Tuesday, ranking China among the top 10.

Switzerland, Sweden, the United States, the Republic of Korea, and Singapore ranked top five on the list.

A group of middle-income economies, led by China, India and Türkiye, continued to rise in the rankings; 17 lower- and middle-income economies performed beyond expectations for their development levels, mostly from Sub-Saharan Africa.

Statistics show that the global growth rate of investment in research and development fell to 2.9 percent in 2024, down from 4.4 percent in the previous year and the lowest level since the 2010 financial crisis. The WIPO predicts that the growth will slow down further in 2025.

The number of global venture capital deals declined for the third consecutive year, falling by 4.4 percent, indicating that investors remain cautious, except in a few industries and regions.

The WIPO Global Innovation Index assesses the innovation performance of nearly 140 economies worldwide using approximately 80 indicators, including research and development spending, venture capital transactions, high-tech exports, and intellectual property applications. The index serves as a benchmark resource for global policymakers, business leaders, and others to build strong innovation ecosystems.

The U.S. dollar increased in late trading on Wednesday.

The dollar index, which measures the greenback against six major peers, went up 0.21 percent to 98.596 at 3 p.m. (1900 GMT).

In late New York trading, the euro lost to 1.1711 dollars from 1.1726 dollars in the previous session, and the British pound rose to 1.3510 dollars from 1.3482 dollars in the previous session.

The U.S. dollar bought 159.45 Japanese yen, lower than 159.59 Japanese yen of the previous session. The U.S. dollar added to 0.7842 Swiss francs from 0.7821 Swiss francs, and it dropped to 1.3666 Canadian dollars from 1.3673 Canadian dollars. The U.S. dollar advanced to 9.2063 Swedish kronor from 9.1997 Swedish kronor.