• ISSN: 2301-3567 (Print), 2972-3981 (Online)
    • Abbreviated Title: J. Econ. Bus. Manag.
    • Frequency: Quarterly
    • DOI: 10.18178/JOEBM
    • Editor-in-Chief: Prof. Eunjin Hwang
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HOME > Archive > 2016 > Volume 4 Number 12 (Dec. 2016) >
JOEBM 2016 Vol.4(12): 684-689 ISSN: 2301-3567
DOI: 10.18178/joebm.2016.4.12.473

Background, Mechanism and Approaches of China's Innovation-Driven Economic Transformation

Xiao-Hui Dong, Chang-Feng Zhou, Yu-Jun Kuang, and Yan Liu

Abstract— The promotion of the Chinese economic transformation driven by the technological innovation is the major innovation China adapts to and takes a lead in the new normal of the economic development, the initiative choice to adapt to the new situation of the comprehensive national strength competition after the international financial crisis as well as the inevitable requirement of the “updated version” of China’s economy, thus having the very great realistic significance and far-reaching historical significance for China’s economic development. It requires the good command of the inherent correlation and the operational mechanism between technological innovation and industrial development, demand structure and elements component. In the future, the technological motivation for China’s economic transformation requires the great efforts made in developing the strategic emerging industries, enhancing the independent innovation ability, deepening the reform of scientific and technological system, promoting the economy towards a more advanced stage of development with more sophisticated division of labor and more optimized structure.

Index Terms— Technological innovation, China, economic transformation, mechanism.

The authors are with the School of Humanities and Social Sciences, National University of Defense Technology, Changsha, China (e-mail: xiongdi1981@126.com, cfzhou111@163.com, 1120190488@qq.com, 6lucy@sina.com).

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Cite: Xiao-Hui Dong, Chang-Feng Zhou, Yu-Jun Kuang, and Yan Liu, " Background, Mechanism and Approaches of China's Innovation-Driven Economic Transformation," Journal of Economics, Business and Management vol. 4, no. 12, pp. 684-689, 2016.

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