| ID | 071612 |
| Title Proper | Building a strong nation, how does China perform in science and technology |
| Language | ENG |
| Author | Yao, Shujie |
| Publication | 2006. |
| Summary / Abstract (Note) | A common perception is that China has relied on the expansion of labour-intensive industries and flooded the world market with cheap but low to medium level technology products. Although it has become the third largest exporting nation, China has failed to create a large number of big businesses that can compete with the world’s leading multinational companies (Nolan (2004)). The Chinese government has long been aware of the weakness of its development strategy and has been trying to improve its own technological capacity through investments in basic research, innovations and the application of new technologies, utility models and designs. China’s strategy on science and technology can be best described by the so-called ‘walking with two legs’ principle. The first leg is based on building up domestic research and innovative capacity. This is through investments in research institutes, universities and LMEs. China’s second leg has been to build up its technology capacity through its open policy and attracting FDI and technology. China has made significant advances in the following areas regarding science and technology.
– Research and innovative activities have been encouraged and supported by the central and regional governments.
– More research and innovative activities are encouraged in the LMEs.
– HEIs have become increasingly important for research and innovative activities.
– The export-push strategy and encouragement of FDI inflow are two important venues for importing advanced foreign technologies.
China also has a number of weaknesses in science and technology.
– Research expenditure has not kept up with economic development.
– There are not enough big businesses that are highly innovative and cannot compete effectively with the world’s largest multinational enterprises.
– China is weak in the key industries that are intensive with advanced technologies, computer software, aircraft, automobile and electrical appliances, etc.
– Most of the LMEs are state-owned and are renounced for their inefficiency and loss-making.
– China has greatly depended on foreign technologies for its economic development.
– China’s expenditures on science and technology have been low by international standards and low compared to its fast economic growth.
– China’s economic growth has been heavily dependent on investments and labour and not so much on technological progress and efficiency improvement.
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| `In' analytical Note | Asia Europe Journal Vol. 4, No. 2; Jun 2006: p197-209 |
| Journal Source | Asia Europe Journal Vol: 4 No 2 |
| Key Words | China ; Science and Technology |