Employees work at a production line of display screens of a company in Yaohai District, Hefei, east China's Anhui province, Nov 16, 2023. (PHOTO / XINHUA)

GUANGZHOU — As one of the major global innovation hubs, Asia's status in the world's scientific and technological innovation landscape has been further consolidated, according to a report released Wednesday by the Boao Forum for Asia (BFA).

With a wealth of intellectual resources and well-established innovation traditions, Asia has long been a powerhouse for global innovation and development, said Li Baodong, secretary-general of the BFA.

Li added that China's technological innovation in the fields of healthcare, biopharmacy, new energy, low-carbon technology, new materials and advanced manufacturing is quantitatively and qualitatively among the top in the world

Asian economies are catching up with their counterparts in Europe and North America in major fields amid a new round of technological revolution, Li stated. "In terms of quantity, quality and industrial maturity of innovation, Asian countries are growing at an accelerated pace," he said.

READ MORE: China to promote cultural relics-related sci-tech innovation

Li added that China's technological innovation in the fields of healthcare, biopharmacy, new energy, low-carbon technology, new materials and advanced manufacturing is quantitatively and qualitatively among the top in the world.

Citing the Global Innovation Index 2023, released by the World Intellectual Property Organization, the report said that five Asian countries, namely Singapore, China, the Republic of Korea, Japan and Israel, rank among the top 15 most innovative economies in the world.

"Southeast Asia and East Asia have narrowed their gap with Europe," Li noted.

READ MORE: China forum builds platform for global sci-tech cooperation

Compiled by the BFA Academy and the South China University of Technology, the Boao Forum for Asia Innovation Report 2023 was released on Wednesday in southern Chinese city of Guangzhou.