Technology and Industrial Transformation of China

This book explores how China's industrial transformation and development depend on technology and innovation, and how considerations about these issues may affect China's development strategies. The country's industrial structure has experienced rapid evolution, and it has opened to foreign trade and foreign direct investment. Technology is thought to be one of the key driving forces that shape the transformation of the Chinese economy, but uneven development is a major issue. Considerations related to technology and innovation play a crucial role in leading and shaping China's development strategies.

Format: Hardback
Length: 203 pages
Publication date: 31 October 2022
Publisher: Springer Verlag, Singapore

This book delves into the intricate relationship between China's industrial transformation and development, and the role of technology and innovation in driving this process. It explores how considerations related to technology and innovation may impact China's development strategies.

Market-oriented reforms initiated four decades ago have been a catalyst for China's remarkable economic growth. The country's industrial structure has undergone a rapid evolution, transitioning from a largely closed economy to a major trading nation and the largest developing country destination for foreign direct investment worldwide.

Technology is widely acknowledged as one of the primary drivers of China's economic transformation. However, the uneven development resulting from different speeds of innovation and technology diffusion has become a significant challenge in the country's pursuit of industrialization under new global trends.

Substantial disparities exist across different Chinese regions, including differences in regional industrial development, income levels, and living standards. These disparities are closely linked to the varying rates of innovation and technology diffusion, highlighting the need for targeted policies to address regional imbalances.

The relationship between technology diffusion, innovation, and industrial development is a complex and multifaceted issue that requires careful study. It involves understanding how technological advancements can contribute to economic growth and productivity, while also addressing the potential risks and challenges associated with rapid change.

Considerations related to technology and innovation play a crucial role in guiding China's development strategies and routes. The country's commitment to sustainable development creates strong pressures for continuous transforming, upgrading, and restructuring of the economy. In this process, innovation becomes essential in driving economic growth, improving resource efficiency, and addressing social and environmental challenges.

To achieve sustainable development, China has embarked on a series of initiatives aimed at promoting technological innovation and fostering a knowledge-based economy. These include investments in research and development, the establishment of innovation centers, and the promotion of open innovation platforms. China has also emphasized the importance of intellectual property rights protection and the development of a skilled workforce to support its technological advancements.

In conclusion, this book highlights the critical role of technology and innovation in shaping China's industrial transformation and development. It emphasizes the need for balanced policies and strategies to promote technological advancements while addressing regional disparities and ensuring sustainable development. By leveraging its technological capabilities and fostering innovation, China can continue to play a pivotal role in global economic growth and contribute to the betterment of society.

Weight: 500g
Dimension: 235 x 155 (mm)
ISBN-13: 9789811974571
Edition number: 1st ed. 2023