“…As to China's economy, it develops on the base of non-innovative and even outdated technologies. On the other hand, in recent years China has achieved a rather significant progress in this field (e.g., Kim et al, 2009;Ma et al, 2009;Hu and Phillips, 2011;Zhang and Gao, 2011;Lai et al, 2012;Chen et al, 2012;Xiang et al, 2013;Motoyama et al, 2014;Fuller, 2014 TFS***). Today China ranks third in the world in terms of the number of patents; in addition, China's output of research articles has expanded in a very significant way (Kostoff et al, 2007a,b,c;Kostoff, 2012); a very high number of patent grants attested in the recent years in China is very important; yet, a rather pronounced accelerating dynamics is of no less importance (see, e.g., Liu and Sun, 2009;Tseng, 2009;The World Bank…, 2012: 177;Boeing and Sandner, 2011: 17;WIPO, 2014; see also Fig.…”