There is concern in China that the strategy which has delivered massive economic growth is unsustainable in the long run, that China’s economy is too dependent on low value added manufacturing and not enough based on high value technological innovation. This book assesses the policies implemented in recent years to address this, policies which include increasing the pool of human capital, especially by training very large numbers of graduate engineers, investing massively in improved infrastructure such as institutions of higher education, telecommunications and transport, and providing financial incentives – both direct government funding for private sector innovation activities and fiscal incentives which encourage innovation by reducing the tax burden on innovators. The book examines the impact of these policies, providing detailed studies of firms’ innovation activities both in particular sectors and in particular regions. Throughout, the book discusses how effective China’s innovation policies are and how innovation in China is likely to develop in future.
About the Author
Xuedong Ding is a Vice Minister in the Ministry of Finance, Beijing, China
Jun Li is a Senior Lecturer in the Entrepreneurship and Innovation Group at Essex Business School, University of Essex, UK
Table of Contents
Preface 1. Aspire to Innovate: Building an Innovative Economy 2. China’s National Innovation System 3. Fiscal Incentives for Innovation 4. Financial Policies for Innovation 5. The Public Venture Capital in China 6. Incentive for Sectoral Innovation: The Energy Sector 7. Incentives for Regional Innovation: The Yangtze River Delta 8. Performance of National Innovation System 9. Incentive for Innovation: Chinese Experiences