R&D of Chinese Firms: Characteristics and Implications
5 Pages Posted: 4 Oct 2013 Last revised: 12 Sep 2014
Date Written: Septmber 27, 2013
Recently, China is facing limitations in economic growth driven by the expansion of factor-inputs, which allowed China to achieve economy of scale, using its abundant labor and capital. Therefore, China now is seeking to change its paradigm of economic growth into an innovation-oriented one where knowledge increases economic productivity. As a result, investment in research and development (R&D) and patents have sharply risen. This would be a good time to assess the policies and strategies for R&D in China to draw up some meaningful implications. This study contains Chinese government policies for R&D, current state of Chinese firms 'R&D, characteristics of Chinese patents according to the new method of patent classification and Chinese firms’ reverse-innovation and globalization strategies.
Keywords: Research and Development, Science technology, Innovation policy, R&D activities, Patents-China, R&D cooperation, Chinese firms, China
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