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Chinese-Style Innovation and Its International Repercussions in the New Economic Times

Author

Listed:
  • Zhifeng Shen

    (School of Management Engineering, Zhengzhou University, Zhengzhou 450001, China)

  • Ahsan Siraj

    (School of Management Engineering, Zhengzhou University, Zhengzhou 450001, China)

  • Hongbing Jiang

    (School of Management Engineering, Zhengzhou University, Zhengzhou 450001, China)

  • Yongming Zhu

    (School of Management Engineering, Zhengzhou University, Zhengzhou 450001, China)

  • Junjie Li

    (School of Management Engineering, Zhengzhou University, Zhengzhou 450001, China)

Abstract

Innovation is the powerful headspring that makes the economy and society continue with sustainable development, and how to innovate is a current research issue all over the world. The purposes of this research are to examine Chinese-style innovations and to analyze the influence of Chinese-style innovation on the international market in the current economic times. From multiple perspectives of institutional innovation as well as scientific and technological innovation, the content, characteristics and connotation of Chinese-style innovation are comprehensively expounded and analyzed through the collection, combination and exploration of innovation, especially in Chinese-style innovation literature and interviews with relevant scholars, experts and enterprises. Then, the fit of Chinese-style innovation and characteristics of the new economic era are systematically described. Based on the exploration of international repercussions of Chinese-style innovation from both macro and micro aspects, the mechanism of Chinese-style innovation’s influence on China’s international market is also analyzed. In China, the underlying concept has not been well investigated before, therefore there is a gap in which to do research in this area. In accordance with the current research, a conceptual model for the new economic era, Chinese-style innovation and China’s international repercussions is established. This study finds that the influence of Chinese companies in research and development has significantly improved, the all-round and multi-domain pattern of Chinese enterprises’ overseas development has gradually taken shape, Chinese companies’ overseas social responsibility is growing, the overseas competitiveness of Chinese companies has gradually increased, the overall strength of China’s science and technology has gradually gained international recognition and its international repercussions have improved significantly.

Suggested Citation

  • Zhifeng Shen & Ahsan Siraj & Hongbing Jiang & Yongming Zhu & Junjie Li, 2020. "Chinese-Style Innovation and Its International Repercussions in the New Economic Times," Sustainability, MDPI, vol. 12(5), pages 1-17, March.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:5:p:1859-:d:326916
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    References listed on IDEAS

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    Cited by:

    1. Yuliia Horiashchenko & Iryna Taranenko & Svitlana Yaremenko & Valentyna Shevchenko & Tetiana Mishustina & Inna Klimova, 2021. "Integrated System of Enterprises' Innovative Development Management Under the Conditions of Post-Fordism," Postmodern Openings, Editura Lumen, Department of Economics, vol. 12(3Sup1), pages 45-60, September.
    2. Ahsan Siraj & Shilpa Taneja & Yongming Zhu & Hongbing Jiang & Sunil Luthra & Anil Kumar, 2022. "Hey, did you see that label? It's sustainable!: Understanding the role of sustainable labelling in shaping sustainable purchase behaviour for sustainable development," Business Strategy and the Environment, Wiley Blackwell, vol. 31(7), pages 2820-2838, November.
    3. Yang Li & Kunlin Zhu & Xianghui Li & Zunirah Mohd Talib & Brian Teo Sheng Xian, 2023. "Dynamic Pattern and Evolution Trend of the New Four Modernizations Synchronous Development in China: An Analysis Based on Panel Data from 31 Provinces," Sustainability, MDPI, vol. 15(8), pages 1-26, April.
    4. Ashish Kumar Jha & Indranil Bose, 2021. "Linking Drivers and Outcomes of Innovation in IT Firms: The Role of Partnerships," Information Systems Frontiers, Springer, vol. 23(6), pages 1593-1607, December.
    5. Zongguo Ma & Xueai Fan & Yanli Zhang & Beibei Hu, 2023. "Understanding the Influencing Factors of Enterprise Transformation and Upgrading Capability: A Case Study of the National Innovation Demonstration Zones, China," Sustainability, MDPI, vol. 15(3), pages 1-25, February.
    6. Haining Jiang & Wenzhong Zhang & Jian Duan, 2020. "Location Choice of Overseas High-Level Young Returned Talents in China," Sustainability, MDPI, vol. 12(21), pages 1-16, November.
    7. Fei Wang & Zhi Dong & Jichang Dong, 2023. "Assessment of the Drivers and Effects of International Science and Technology Cooperation in Xinjiang in the Context of the Belt and Road Initiative," Sustainability, MDPI, vol. 15(2), pages 1-20, January.

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