China’s Innovation Engine: From Copycat to Global Tech Leader

Blue Bay Asset Management /

29-08-2025

RBC Global Asset Management’s Notes from the Road (August 2025) details China’s transition from manufacturing hub to global technology powerhouse, drawing on on-the-ground research.

R&D & patents: China now ranks second globally in R&D spend, with international patent filings rising from 7.5% (2009) to 25.5% (2023), surpassing the U.S. and Japan.
EVs & batteries: China leads with 57% of new vehicles classified as “smart” and controls ~85% of global battery production.
AI & robotics: National strategy and heavy investment are propelling AI adoption, with firms like DeepSeek and Unitree showcasing rapid advances.

Could selective exposure to China’s maturing innovators unlock long-term alpha? The full report explores opportunities and risks.

China

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