China: Toward a Market-based Open Innovation System

Liu Xielin () and Nannan Lundin ()
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Liu Xielin: Graduate University of the Chinese Academy of Sciences (China)
Nannan Lundin: Orebro University, and Research Institute of Industrial Economics (Sweden).

Foresight and STI Governance (Foresight-Russia till No. 3/2015), 2007, vol. 1, issue 4, 20-31

Abstract: The rapid growth of Chinese economy in the last two decades is an essential result of an effective state policy for its transformation into an open and market form. Similar changes took place in innovation system. The emphasis is placed on the cooperation of science and business, the commercialization of scientific research outcomes. As a result - the activities of certain high-tech companies in China have already acquired global scales, while China itself has become an extremely attractive location for manufacturing and research centers by foreign multinationals. Note: Downloadable document is in Russian.

Keywords: market economy; Chinese way; China; innovation development; innovation system (search for similar items in EconPapers)
JEL-codes: O31 O53 (search for similar items in EconPapers)
Date: 2007
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