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China Joins 20 Most Innovative Economies, US Falls to No. 6

China joined the world’s top 20 most innovative economies for the first time while the United States fell out of the five top-ranked countries, according to a report released Tuesday by one of its co-sponsors, the U.N. intellectual property agency.

The Global Innovation Index 2018 keeps Switzerland in the No. 1 spot, followed by the Netherlands, Sweden, United Kingdom and Singapore. The United States fell from fourth place in 2017 to sixth this year, while China jumped from 22nd to 17th in the rankings.

Francis Gurry, director general of the U.N. World Intellectual Property Organization, said China’s ranking represents a breakthrough for …read more