Incentives for Innovation in China Building an Innovative Economy [Hardcover]

In the past three decades, China has successfully transformed itself from an extremely poor economy to the worlds second largest economy. The countrys phenomenal economic growth has been sustained primarily by its rapid and continuous industrialization. Currently industry accounts for nearly two-fifths of Chinas gross domestic product, and since 2009 China has been the worlds largest exporter of manufactured products. This book explores the question of how far this industrial growth has been the product of government policies. It discusses how government policies and their priorities have developed and evolved, examines how industrial policies are linked to policies in other areas, such as trade, technology and regional development, and assesses how new policy initiatives are encouraging Chinas increasing success in new technology-intensive industries. It also demonstrates how Chinas industrial policies are linked to development of industrial clusters and regions.

Preface  1. Aspire to Innovate: Building an Innovative Economy  2. Chinas National Innovation System  3. Fiscal Incentives for Innovation  4. Financial Policies for Innovation  5. The Public Venture Capital in China  6. Incentive for Sectoral Innovation: The Energy Sector  7. Incentives for Regional Innovation: The Yangtze River Delta  8. Performance of National Innovation System  9. Incentive for Innovation: Chinese Experiences

'Chinas economy is transforming. Some aspects of that transformation, such as the rise of the Chinese consumer, are well known. But how many of us understand how China is building an innovation economy? This book plugs an important gap in our knowledge. And, importantly, it is co-authored by a man at the heart of Chinas economic policy making, Ding Xuedong, Chairman of Chinas sovereign wealth fund.'  Lord James Sassoon, Chairman of China British Business l³