Wang, Pengji, and Yuan, Lin (2015) Fostering innovation in Chinese industrial parks. In: Vecchi, Veronica, Farr-Wharton, Ben, Farr-Wharton, Rodney, and Brusoni, Manuela, (eds.) Managerial Flow. Routledge Advances in Management and Business Studies . Routledge, New York, NY, USA, pp. 74-85.

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Abstract

[Extract] The last two decades have witnessed a rise in the economic growth of China, with an average annual increase in gross domestic product (GDP) of more than 9% per year. It is now generally accepted that government intervention has, at times, played a positive role in promoting economic growth in China (Linden, 2004). To develop technological competitiveness and catalyse economic growth at the nation, state, and city levels, the Chinese government has enacted a series of national high- and new-technology industrial development programs, namely, the Torch Program, within the context of the country's evolving national innovation system. Within this system, one of the important aims of Chinese government's industrial policy is to establish high-technology industrial parks and development zones.

As a group, China's high-technology industrial parks and development zones have grown dramatically in recent years. The number of science and technology industrial parks and development zones approved by the State Council was 53 in 1991, and this number has increased to 254 in 2013. The total revenue for all zones reached 16,569 billion RMB in 2012. Their export achieved US$376.04 billion, 18.4% of all the foreign trade (News Letter: Torch-Centre of Ministry of Science and Technology, 2013).

Item ID:	34814
Item Type:	Book Chapter (Research - B1)
ISBN:	978-0-415-74945-9
Date Deposited:	01 Oct 2014 04:42
FoR Codes:	14 ECONOMICS > 1402 Applied Economics > 140202 Economic Development and Growth @ 50% 14 ECONOMICS > 1402 Applied Economics > 140213 Public Economics- Public Choice @ 50%
SEO Codes:	91 ECONOMIC FRAMEWORK > 9101 Macroeconomics > 910103 Economic Growth @ 50% 91 ECONOMIC FRAMEWORK > 9104 Management and Productivity > 910405 Public Sector Productivity @ 50%
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