China has been ranked as the third most innovative country according to General Electric's latest report of "Global Innovation Barometer".
The report highlights two advantages of China's successful innovation, flexible and diversified business models and talent strategy without a certain pattern.
The report also indicated Chinese enterprises prefer open markets whereas South Korea, Brazil, Russia, Australia, UK and Japan tend to draw support from the domestic market.
The survey discovered collaboration between businesses is emerging as a means to surpass competitors and generate revenue, particularly in emerging markets.
Germany, China, Brazil and Sweden tops the four most experienced at partnership. 41 percent of Chinese companies' revenue come from collaborative innovation.