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2020 | OriginalPaper | Chapter

3. China and Innovation

Authors : Huang Zhong, Lucia Winton, Cary Krosinsky

Published in: Modern China

Publisher: Springer International Publishing

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Abstract

Throughout its history, China was a hub for technology and innovation; however, over the past two centuries the country fell behind. When China opened its economy in the 1980s, it started with a low-margin and low-tech original equipment manufacturing model, and slowly but steadily moved up the value chain, upgrading its business model. Innovation has become extremely important in modern China, becoming a key national strategy for economic growth, and the government has developed intellectual property laws and other strategies to further encourage technological development and successful innovation.

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Title: China and Innovation
Authors: Huang Zhong
Lucia Winton
Cary Krosinsky
Publisher: Springer International Publishing
Book: Modern China
Print ISBN: 978-3-030-39203-1

Electronic ISBN: 978-3-030-39204-8

Copyright Year: 2020
DOI: https://doi.org/10.1007/978-3-030-39204-8_3