China's Embrace of the Market Economy: Understanding Its Innovation Strategy

Abstract

The financial crisis now afflicting the world’s economies has Chinese leaders and citizens worried as the ripple effect from US markets aggravates already slumping Chinese markets. As the country attempts to improve its productive capabilities, enhancing China’s capacity to innovate remains a top priority. The author explores the initiatives which are being taken both within the country and abroad, illustrating how the country’s competences within the innovation, technology and research field are being reformed in order to shape China for the future.