Implementation of the policy of technological sovereignty in China

A. V. Chernikov ()

International Trade and Trade Policy, 2024, vol. 10, issue 2

Abstract: The article analyzes the current policy of ensuring technological sovereignty in China in the context of growing global turbulence. For half a century, China has traditionally paid significant attention both to the country's innovative technological development and national independence at the state and public levels in this area. For that the state provides financing for leading breakthrough innovative and technological areas, contributes to the growth of demand for innovations in the national economy among legal entities and individuals, forms a self- developing institutional structure of the innovation ecosystem, creates conditions for personnel growth. Due to international cooperation and China's desire to enter the global innovation system for effective interaction at the global level, the country has significantly advanced in the world innovation rankings and achieved substantial results in a number of key technologies. At the same time, the Chinese leadership sets new long-term goals and forms appropriate plans for the development of the innovation sector in order to achieve new results implying the challenges that China faces in the technological sphere against the background of the trade war unleashed against the PRC by the United States and a number of other Western countries. The purpose of the article is to analyze the stages of China's innovative and technological development, as well as the results that the country has managed to achieve over a number of decades. The article shows that China has sufficient potential to ensure technological sovereignty in key technological areas based on a common high and dynamically developing economic situation, a capacious domestic market, significant financial opportunities – national and attracted – and international cooperation.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:acl:journl:y:2024:id:680

DOI: 10.21686/2410-7395-2024-2-5-15

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