China as an emerging superpower intensifies its Research & Development (R&D) capabilities day by day. The country’s progress in innovations has become possible through the efficient implementation of the Reforms and Opening Up policy over the last 40 years. The Chinese government attaches great importance to the Science & Engineering (S&E) development policy. R&D is really vital for Beijing: the recent economic slowdown of China has shown that the current economic model does not adequately respond to global market and competitiveness demands.