www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語Fran?ais
Home / Advertorial

China needs to rethink innovation

By Robert Wihtol and Robert Koepp | China Daily | Updated: 2016-06-01 06:30

The compass, paper money, moveable type printing, gunpowder and silk. These are a few of the inventions that until the early modern era put China ahead of the West as an innovator. But past glories are insufficient to address current and future challenges.

What should China do to support its transition to a more innovative economy? Lessons from other countries point to three key steps.

The first is education. It needs to be amply funded and accessible to all regions and social groups.

China currently spends 4 percent of GDP on education, which is lower than other middle-income countries. Developed economies generally spend 5-7 percent.

China has made enormous progress in educational development, and there are pockets of educational excellence, for example in Shanghai. To ensure that high-quality basic education is available throughout the country, including poor and remote areas, spending on education needs to increase further.

China should move from rote- and exam-based learning to student-centered learning, with an emphasis on problem solving and creativity.

Advanced economies have high-quality tertiary education systems that are independent and well resourced. China's higher education system has expanded rapidly, but quality improvements have not kept pace. Relative to its size and population, China still has few top-tier universities.

Second, innovative economies spend a lot on research and development. China adopted a comprehensive R&D policy in 2006 and expected to spend 2.2 percent of GDP on R&D in 2015. This is higher than European economies' 2 percent but less than Singapore's 2.3 percent or South Korea's 4 percent.

Cutting-edge companies need to transform R&D into innovative production. China has some highly innovative companies, particularly in telecommunications and consumer electronics, such as Huawei and Lenovo. But most Chinese companies focus on process and production improvements rather than breakthrough innovation.

And third, innovative companies need a dynamic financial sector and policy environment. Innovation is driven by the private sector. Policies and incentives should encourage companies to innovate. The marketplace should offer innovative companies financing options.

In China, small and medium-sized enterprises generate 65 percent of patented inventions and 80 percent of innovative products. Limited access to capital, in turn, restricts their access to skills and technology. Encouraging banks to lend to SMEs, and providing policies to support entrepreneurship, would unleash their dynamism.

Robert Wihtol is adjunct faculty at the Asian Institute of Management and former Asian Development Bank country director for China; and Robert Koepp is a consultant and author of Betting on China: Chinese Stocks, American Stocks and the Wagers on a New Dynamic in Global Capitalism.

(China Daily 05/30/2016 page8)

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 成人99国产精品一级毛片 | 欧美a大片| 黄色免费在线网址 | 久草视频精品 | 亚洲二区在线播放 | 久久精品免费i 国产 | 伊人2222| 久久国产精品久久精品国产 | 特黄大片aaaaa毛片 | 欧美成一级 | 韩国美女高清爽快一级毛片 | 一级毛片免费观看久 | 免费鲁丝片一级观看 | 在线看片欧美 | 欧美一级特黄乱妇高清视频 | 色综合久久久高清综合久久久 | 国产精品久久久久久久久久久搜索 | 亚洲国产成人在线 | 91久久亚洲精品一区二区 | 国产成人盗摄精品 | 国产精品成aⅴ人片在线观看 | 久久久久久免费精品视频 | 在线视频欧美亚洲 | 91欧美激情一区二区三区成人 | 精品国产一区二区 | 天天操夜夜噜 | 日本亲子乱子伦视频 | 一级做α爱过程免费视频 | 91精品一区二区三区在线播放 | 亚洲天堂影院在线观看 | 手机看片神马午夜片 | 91精品国产爱久久久久 | 91chinesevideo在线观看 | 国产乱子伦片免费观看中字 | 欧美xx一片 | 欧美 亚洲 另类 自拍 在线 | 国内外成人免费在线视频 | 一级毛片一级毛片一级毛片 | 99视频精品免视3 | 91精品久久 | 久久精品国产精品青草不卡 |