Fig. 10
From: The role of innovation-led profits in the development of an international financial centre
Source: Eberhardt et al. (2011)
Innovation in China relies more on membership in Financial industrial group and applicable law more important than geographic proximity. The figure shows the proportion of total Chinese patents received by the companies shown. For example, Hongfujin filed for roughly 25% of all US patents during the time period covered by the authors. The high proportion of patents going to China’s industrial giants casts doubts on the ability of a Qianhai to grow a mass of entrepreneurial companies which will dominate patent filings in the future