Description
This book explores policy options for China to implement its strategy of enterprise-led innovation. It identifies two sets of challenges facing China, and recommends actions along four dimensions: pursuing a balanced strategy, creating the right incentives, building capacity of the private sector, and strengthening the ecosystem for the venture capital industry.
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This report is the result of a study carried out under the guidance of China's Ministry of Science and Technology and Ministry of Finance, designed to assist the government of China in implementing its strategy of enterprise-led technological innovation. An introductory chapter reviews the achievements and challenges of Chinese enterprises. The next chapter concentrates on incentives for Chinese enterprises to innovate by examining ways to strengthen state-owned enterprises, external market incentives, and the demand for innovation. Later chapters discuss building the capacity of the private sector to create and absorb technology, collaboration with knowledge institutions, financing innovation, and the development of an ecosystem conducive to the domestic venture capital industry. Information on the editor is not given. Annotation ©2009 Book News, Inc., Portland, OR (booknews.com)
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