Читать книгу Global Manufacturing and Secondary Innovation in China - Xiaobo Wu - Страница 18

When confronting international competition in the global market, innovation capabilities will be the key factor for China’s manufacturing industry to win the future global competition. Currently, the Chinese government unveils many incentive policies, i.e. policies promoting innovative infrastructure construction projects, policies promoting evaluation system for enterprise’s innovation performance, policies encouraging R&D subsidies and tariff concession for high-tech companies as well as other incentive policies. These incentive policies are purported to encourage employees’ enthusiasm for R&D in manufacturing industry and improve its international competitiveness. According to statistics, by the end of 2015, China had built 132 national engineering research centers, 158 national engineering laboratories and 1,187 nationally recognized enterprise technology centers. The Venture Capital Program for Emerging Industries had spun off 206 venture capital firms, with a raised capital of RMB 55.7 billion yuan altogether and 1,233 start-ups invested. It therefore boosted the system construction for industrial technology development and corporate technological innovation, improving the technological innovation capabilities of the industry and enterprises.

China has placed innovation at an important strategic position in economic development. Being the “engine” for economic growth, technological innovation in manufacturing industry is particularly important. For the manufacturing industry, production and R&D are two key aspects for industrial transformation and upgrading, and innovation capability improvement. Therefore, in this section, both static and dynamic competitiveness analysis of China’s manufacturing industry are conducted from the two perspectives of production efficiency and technological innovation capabilities. Benchmarking the development of China’s manufacturing industry against the world level would provide some inspirations as to what is the correct choice of technology strategy for China’s manufacturing industry.