Promoting Enterprise-led Innovation in China

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.

Bibliographic Details

Main Authors:	Zhang, Chunlin, Zeng, Douglas Zhihua, Mako, William Peter, Seward, James
Language:	English
Published:	World Bank 2009
Subjects:	3G, ACCOUNTING, ACTION PLAN, ADOPTION OF TECHNOLOGIES, ADVANCED TECHNOLOGIES, ADVANCED TECHNOLOGY, ASSEMBLERS, AUTOMOBILE, AUTOMOTIVE, BARRIERS TO ENTRY, BASIC, BEST PRACTICE, BIOTECHNOLOGY, BUSINESS ACTIVITIES, BUSINESS DECISIONS, BUSINESS DEVELOPMENT, BUSINESS ENTERPRISES, BUSINESS OWNERS, BUSINESS SECTOR, BUSINESS SERVICES, BUSINESS STRATEGY, BUSINESSES, CAD, CAPABILITIES, CAPABILITY, CAPACITY BUILDING, CAPITAL INVESTMENT, CITIES, COLLABORATION, COLLECTIVE ACTION, COMMERCE, COMMODITIES, COMPETITIVENESS, COMPONENTS, COMPUTER TECHNOLOGY, COMPUTERS, CONFIDENTIALITY, CONSUMER ELECTRONICS, CONSUMER MARKETS, CONTRACT LAW, COPYING, COPYRIGHT, DECISION-MAKING, DEDUCTIBLE, DEVELOPMENT CENTER, DEVELOPMENT CENTERS, DEVELOPMENT INSTITUTIONS, DEVELOPMENT OF INNOVATION, DISPLACEMENT, E-MAIL, ECONOMIC ACTIVITY, ECONOMIC DEVELOPMENT, ECONOMIC EFFICIENCY, ECONOMIC GROWTH, ECONOMIC SECTORS, ECONOMIC SUCCESS, EDUCATIONAL ATTAINMENT, ELECTRIC APPLIANCES, ELECTRICAL MACHINERY, ELECTRONICS INDUSTRY, EMPLOYEE, ENGINEERS, ENTRY BARRIERS, ENVIRONMENTAL PROTECTION, EQUIPMENT, EXCHANGE RATE, EXPENDITURE, EXPENDITURES, EXTERNAL MARKET, FAIR COMPETITION, FELLOWSHIP, FINANCIAL SUPPORT, FINANCIAL SYSTEM, FOREIGN DIRECT INVESTMENT, FOREIGN FIRMS, FOREIGN INVESTMENTS, FREE MARKET ECONOMY, FULL EMPLOYMENT, GLOBAL COMPETITIVENESS, GLOBAL MARKET, GOVERNMENT INTERVENTION, GROWTH STRATEGIES, GROWTH STRATEGY, HUMAN RESOURCES, HUMAN RESOURCES MANAGEMENT, INCOME, INDUSTRIAL ENTERPRISES, INDUSTRIAL TECHNOLOGY, INDUSTRY ASSOCIATION, INFORMATION INDUSTRY, INFORMATION TECHNOLOGY, INITIAL PUBLIC OFFERING, INNOVATION, INNOVATION POLICY, INPUT PRICES, INSTITUTION, INSTITUTIONAL INVESTORS, INSURANCE, INTELLECTUAL PROPERTY, INTELLECTUAL PROPERTY RIGHTS, INTERNATIONAL BANK, INTERNATIONAL COMPETITION, INTERNATIONAL STANDARD, INTERNATIONAL STANDARDS, INVENTION, INVESTMENT DECISIONS, JOB CREATION, JOINT VENTURES, LABOR FORCE, LABOR MARKET, LABOR PRODUCTIVITY, LABOR SUPPLY, LABORERS, LACK OF CAPITAL, LAN, LEARNING, LICENSES, LIMITED ACCESS, LIMITED ACCESS TO FINANCE, MANPOWER, MANUFACTURING, MANUFACTURING INDUSTRY, MARKET DEMANDS, MARKET ECONOMIES, MARKET ECONOMY, MARKET PRICES, MARKETING, MATERIAL, MII, MOTIVATION, MULTIPLE ACCESS, NATURAL RESOURCES, NETWORKS, NEW MARKETS, NONPROFIT ORGANIZATIONS, OCCUPATIONS, OVERHEAD COSTS, PDF, PHOTO, PRIVATE ENTERPRISES, PRIVATE EQUITY, PRIVATE SECTOR, PRIVATIZATION, PROCUREMENT, PRODUCT CATEGORY, PRODUCT DESIGNS, PRODUCTION CAPACITY, PRODUCTIVITY, PRODUCTIVITY GROWTH, PROFIT MOTIVE, PROFITABILITY, PROGRAMS, QUERIES, R&D, RESULT, RESULTS, SALES REVENUE, SCIENCE & TECHNOLOGY, SCIENTISTS, SELF-FINANCING, SEMICONDUCTOR, SEMICONDUCTOR INDUSTRY, SITES, SMALL ENTERPRISES, SOCIAL DEVELOPMENT, SOCIAL SCIENCES, SOCIAL SECURITY, STANDARDIZATION, SUPERVISION, SUPPLIERS, TAX INCENTIVES, TECHNICAL TRAINING, TECHNOLOGICAL ADVANCES, TECHNOLOGICAL DEVELOPMENT, TECHNOLOGICAL INNOVATION, TECHNOLOGICAL INNOVATIONS, TECHNOLOGY DEVELOPMENT, TECHNOLOGY INNOVATION, TECHNOLOGY LICENSES, TECHNOLOGY TRANSFER, TELECOM, TELECOMMUNICATION, TELECOMMUNICATIONS, TELEPHONE, TELEVISION, TRADITIONAL TECHNOLOGY, TRANSMISSION, UNDERDEVELOPMENT, UNION, UTILITY MODELS, VENTURE CAPITAL, VILLAGE, VOUCHER, WAGES, WIRELESS,
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20090429035618 https://hdl.handle.net/10986/2619
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