The Economist Intelligence Unit has released its latest world innovation rankings, which show China climbing up the ranks faster than other countries. But while the emerging markets are moving up the pecking order, the developed world still hogs the top spots. Japan and Switzerland remain first and second respectively. The report includes innovation predictions for the next five years, and more gains for the emerging world are expected. China, India and South Africa will continue to rise. Even so, Japan, the US and European countries such as Switzerland, Finland, Germany and Sweden are expected to retain their top-ten rankings in 2013.