For a long time, many have questioned whether China can innovate. Today, innovation is being recognized as the crucial challenge that Chinese companies and the broader economy face, as China seeks to move up the value chain.

Nick Leung tackles this topic on today’s podcast with Jonathan Woetzel, Erik Roth, and Jeongmin Seong. They talk about the findings from a new report published by The McKinsey Global Institute (MGI) that takes a close look at the ways China is innovating today.

Jonathan is a senior partner and director of MGI in Asia. Erik is a senior partner who leads McKinsey’s global Growth and Innovation Practice. Jeongmin is a senior fellow with MGI. Nick is managing partner of McKinsey’s Greater China practice.

Click to download the full report