Indeed, the problems are so entrenched that a recent report by CLSA, the regional brokerage, maintains that China lacks the legal and economic environment to foster innovation.

• 实际上，这些问题如此根深蒂固，以致于券商法国里昂证券(CLSA)近期的一份报告坚称，中国缺乏鼓励创新的法律和经济环境。