South Korea tops Bloomberg’s 2015 ranking of the world’s 50 most innovative countries ranking. The U.S. places the sixth, and China 22nd.
In high-tech category in the ranking that isn’t adjusted for the size of the economy or population, U.S. ranks on top, followed by China, Japan, South Korea, and Canada.
China also ranks 3rd in patents category, following South Korea and Japan.
Xiaomi was ranked the most innovative Chinese company (35th globally) in BCG’s 2014 global innovation survey. Tencent (47th) and Huawei (50th) also made it to the BCG “The Most Innovative Companies” Top 50 list.