Dual Structure and Dual Convergence Drove Chinese Economic Catching-Ups and Innovation Engine Is Sparked

Chun LIAO (廖春)
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Chun LIAO (廖春): Shanghai Lixin University of Accounting and Finance

Chapter Chapter 4 in The Governance Structures of Chinese Firms, 2021, pp 167-192 from Springer

Abstract: Abstract China’s super innovation system and Chinese model were built up roughly in the period from the mid-1990s to the middle of the first decade in twenty-first century. This is also the period of Chinese catching-up. Building up such dual-structured Chinese model and China’s innovation system, which are compatible not only with the US leading liberal market economies but also with the Germany leading European coordinated market economies, supported the dual convergence of the Chinese economy toward the two types of advanced economy. FDI and technology transfer drove the dual convergence. Thereby the catching-up got fueled, with the dual innovative capacity and competitiveness being enhanced in the Chinese economy. The further long-term sustainable growth of the Chinese economy has then quickly been driven by its own engine. A remarkable success of China’s innovation follows up.

Keywords: Innovation; Chinese innovation; Economic model; Chinese model; Business system; Corporate governance; Competitiveness; Chinese economic growth; Chinese catching-up; FDI; Technology transfer (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:innchp:978-3-030-52218-6_4

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DOI: 10.1007/978-3-030-52218-6_4

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