FEATURES OF INNOVATIVE POLICY OF CHINA. EXPERIENCE FOR RUSSIA

G. M. Moliy ()

International Trade and Trade Policy, 2021, vol. 7, issue 2

Abstract: The article examines the features of China's economic and political reforms, which led to the country's transition to a new stage in the development of the national economy – a factor model based on investments. The absolute indicators demonstrating the level of scientific  and technological development of China make the country one of the modern leaders. The country strives to become a leader in innovation by 2035. The paper notes the intermediate successes achieved by the Chinese government in the development of the economy of innovation. The country's interest in technologies of the 6th technological order is noted, expressed in the growth of investment in venture capital. The crisis caused by COVID-19 has had an impact on the global innovation sphere, and interest in developments in the field of medicine and healthcare has been noted. Expenditures for research in pharmaceuticals and biotechnology can be predicted to rise. In Russia, at present, in general, the main systems of the innovation system have been formed, while they are not sufficiently coordinated. The difficulty lies in the introduction of innovative technologies into production. Relying on the scientific achievements of the USSR period, using the experience  of China, Russia has the opportunity to introduce innovative technologies. The article assesses the prospect of applying the experience of China in the national innovation system of Russia. An assessment of the features of the Russian innovation system is given.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:acl:journl:y:2021:id:451

DOI: 10.21686/2410-7395-2021-2-109-118

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