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HIGH-TECH INDUSTRIES IN CHINA AND RUSSIA: PRESENT SITUATION AND IMPACT ON ECONOMIC DEVELOPMENT

ВЫСОКОТЕХНОЛОГИЧНЫЕ ОТРАСЛИ В КИТАЕ И РОССИИ: СОВРЕМЕННОЕ СОСТОЯНИЕ И ВЛИЯНИЕ НА ЭКОНОМИЧЕСКОЕ РАЗВИТИЕ

Wang Yuchan (Ван Юйчань)
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Wang Yuchan (Ван Юйчань): Southern Federal University

State and Municipal Management Scholar Notes, 2021, vol. 2, 237-244

Abstract: The competition of major countries in the world is mainly the competition of technological innovation, and technological innovation is manifested through high technology. In recent years, the competition of high-tech industries has become the world's major economies stepping up to seize the commanding heights of the new round of technological revolution and high-tech industries. This article provides a comparative analysis of the current situation of high-tech industry development in China and Russia. China and Russia have their advantages in the development of high-tech industries, but they are also different. China’s high-tech industries are relatively large in scale and develop at a faster rate, and exceeded Russia in the exports, the proportion of exports in manufacturing, and R&D expenditures. But the proportion of scientific research personnel in China is far lower than in Russia. So China and Russia should take corresponding measures to develop high-tech industries.

Keywords: High-tech industries; economic development; R&D expenditures; scientific research personnel; regulatory measures; export; competition; global economy; manufacturing; technological innovation (search for similar items in EconPapers)
Date: 2021
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