Innovation in China
China is in the midst of transitioning from a manufacturing-based economy to one driven by innovation and knowledge. This up-to-date analysis evaluates China's state-led approach to science and technology, and its successes and failures.
In recent decades, China has seen huge investments in high-tech science parks, a surge in home-grown top-ranked global companies, and a significant increase in scientific publications and patents. Helped by state policies and a flexible business culture, the country has been able to leapfrog its way to a more globally competitive position.
However, the authors argue that this approach might not yield the same level of progress going forward if China does not address serious institutional, organizational, and cultural obstacles. While not impossible, this task may well prove to be more difficult for the Chinese Communist Party than the challenges that China has faced in the past.
Cong Cao is Professor in Innovation Studies at the University of Nottingham Ningbo China
Xueying Han is Research Staff Member at the Science and Technology Policy Institute (STPI)
Rachel Parker is Senior Director of Research at the Canadian Institute for Advanced Research (CIFAR)
Denis Simon is Executive Vice Chancellor at Duke Kunshan University