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Promoting Enterprise-led Innovation in China

Author

Listed:
  • Chunlin Zhang
  • Douglas Zhihua Zeng
  • William Peter Mako
  • James Seward

Abstract

China has made remarkable gains in industrialization and development. Over the past three decades, it has maintained gross domestic product (GDP) growth of about 9 percent per year and lifted more than 400 million people out of poverty. Entering the 21st century, China is determined to ensure the sustainability of its economic and social development, to which the innovativeness of business enterprises is critical. In 2006, the government of China laid out a strategy of enterprise-led indigenous innovation. In implementing this strategy, Chinese enterprises must cope with two severe challenges arising from the current stage of development. First, they must derive their competitiveness increasingly from innovativeness. Second, while they are innovating, they must also create jobs to keep the Chinese labor force employed. The realization of China's vision to promote enterprise-led innovation will entail concerted actions by government, the corporate sector, and the financial sector. What can the government do? The four basic recommendations of this report are to pursue a balanced strategy, to create the right incentives, to build the capacity of the private sector, and to strengthen the ecosystem for the venture capital (VC) industry.

Suggested Citation

  • Chunlin Zhang & Douglas Zhihua Zeng & William Peter Mako & James Seward, 2009. "Promoting Enterprise-led Innovation in China," World Bank Publications - Books, The World Bank Group, number 2619.
    • Handle: RePEc:wbk:wbpubs:2619
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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/2619/483330PUB0CN0E101OFFICIAL0USE0ONLY1.pdf?sequence=1
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    Citations

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    Cited by:

    1. Yutao Sun & Cong Cao, 2020. "The dynamics of the studies of China’s science, technology and innovation (STI): a bibliometric analysis of an emerging field," Scientometrics, Springer;Akadémiai Kiadó, vol. 124(2), pages 1335-1365, August.
    2. Peter S. Hofman & Bin Wu & Kaiming Liu, 2014. "Collaborative Socially Responsible Practices for Improving the Position of Chinese Workers in Global Supply Chains," Journal of Current Chinese Affairs - China aktuell, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 43(4), pages 111-141.
    3. Clifford Gross, 2013. "The growth of China’s technology transfer industry over the next decade: implications for global markets," The Journal of Technology Transfer, Springer, vol. 38(5), pages 716-747, October.
    4. Keupp, Marcus Matthias & Friesike, Sascha & von Zedtwitz, Maximilian, 2012. "How do foreign firms patent in emerging economies with weak appropriability regimes? Archetypes and motives," Research Policy, Elsevier, vol. 41(8), pages 1422-1439.
    5. Xiong, Ailun & Xia, Senmao & Ye, Zhen Peter & Cao, Dongmei & Jing, Yanguo & Li, Hongyi, 2020. "Can innovation really bring economic growth? The role of social filter in China," Structural Change and Economic Dynamics, Elsevier, vol. 53(C), pages 50-61.
    6. Yanrui Wu, 2011. "Innovation and economic growth in China: evidence at the provincial level," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 16(2), pages 129-142.
    7. Thierry Apoteker, 2009. "La Chine : accélération des transformations et nouveaux défis," Revue d'Économie Financière, Programme National Persée, vol. 95(2), pages 207-228.
    8. Hanley, Aoife & Liu, Wan-Hsin & Vaona, Andrea, 2011. "Financial development and innovation in China: Evidence from the provincial data," Kiel Working Papers 1673, Kiel Institute for the World Economy (IfW Kiel).
    9. Zeting LIU, 2013. "Les PME dans les politiques de soutien à l’innovation en Chine THE POSITION OF SMES WITHIN THE INNOVATION POLICY IN CHINA," Working Papers 266, Laboratoire de Recherche sur l'Industrie et l'Innovation. ULCO / Research Unit on Industry and Innovation.
    10. Daphne Ngar-Yin Mah & Peter Hills, 2014. "Collaborative Governance for Technological Innovation: A Comparative Case Study of Wind Energy in Xinjiang, Shanghai, and Guangdong," Environment and Planning C, , vol. 32(3), pages 509-529, June.
    11. Hu, Cui & Xu, Zhaoyuan & Yashiro, Naomitsu, 2015. "Agglomeration and productivity in China: Firm level evidence," China Economic Review, Elsevier, vol. 33(C), pages 50-66.
    12. Aoife Hanley & Wan-Hsin Liu & Andrea Vaona, 2015. "Credit depth, government intervention and innovation in China: evidence from the provincial data," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 5(1), pages 73-98, June.
    13. Peter S. Hofman & Constantin Blome & Martin C. Schleper & Nachiappan Subramanian, 2020. "Supply chain collaboration and eco‐innovations: An institutional perspective from China," Business Strategy and the Environment, Wiley Blackwell, vol. 29(6), pages 2734-2754, September.

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