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China: Challenges and Prospects from an Industrial and Innovation Powerhouse

Nadir Preziosi, Peter Fako, Hristo Hristov, Koen Jonkers, Xabier Goenaga Beldarrain, Patricia Alves Dias, Sara Amoroso, Alessandro Annoni, Jose Miguel Asensio Bermejo, Mario Bellia, Darina Blagoeva, Giuditta de Prato, Mafini Dosso, Peter Fako, Alessandro Fiorini, Aliki Georgakaki, Petros Gkotsis, Xabier Goenaga Beldarrain, Wildmer Gregori, Hristo Hristov, Arnulf Jaeger-Waldau, Koen Jonkers, Adam Lewis, Alain Marmier, Robert Marschinski, David Martínez Turégano, Maria Amalia Munoz-Pineiro, Michela Nardo, Nathalie Ndacyayisenga, Francesco Pasimeni, Nadir Preziosi, Michela Rancan (), Jose Rueda Cantuche, Vincenzo Rondinella, Jorge Tanarro Colodron, Thomas Telsnig, Giuseppina Testa, Christian Thiel, Martino Travagnin, Alexander Tuebke, Guy van Den Eede, Cristina Vazquez Hernandez, Antonio Vezzani () and Franck Wastin
Authors registered in the RePEc Author Service: Koen Jonkers, Hristo Hristov, Alexander Tübke and José Manuel Rueda-Cantuche

No JRC116516, JRC Research Reports from Joint Research Centre

Abstract: China is rapidly becoming a major industrial competitor in high tech and growth sectors. Its economic success and related industrial policies have received a high degree of attention, especially in light of its capacity to challenge the leading position of advanced economies in several fields. China aims, through the 'Made in China 2025' strategy, to become a world leader in key industrial sectors. In these sectors, it strives to strengthen its domestic innovation capacity, to reduce its reliance on foreign technologies while moving up in global value chains. This report analyses China's approach to attain a dominant position in international markets through a combination of industrial, R&I, trade and foreign direct investment policies. It offers an assessment of China's current position compared to the EU and US innovation systems across a range of dimensions. It concludes that China has become a major industrial competitor in several rapidly expanding high tech sectors, which may well result in attaining China's goal of becoming an innovation leader in specific areas. As a response, the EU will need to boost its industrial and R&I performance and develop a trade policy that can ensure a level playing field for EU companies in China and for Chinese companies in the EU.

Keywords: China; Global Value Chains; M&As; FDI; Venture Capital; R&I; Genomics; Artificial Intelligence; Robotics; Quantum; Nuclear; New Vehicles; Wind Energy; Solar Photovoltaics; Industrial Leadership (search for similar items in EconPapers)
Date: 2019-05
New Economics Papers: this item is included in nep-big, nep-cse and nep-int
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Handle: RePEc:ipt:iptwpa:jrc116516