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China and Innovation

  • Huang Zhong
  • Lucia Winton
  • Cary Krosinsky
Chapter
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Abstract

Throughout its history, China was a hub for technology and innovation; however, over the past two centuries the country fell behind. When China opened its economy in the 1980s, it started with a low-margin and low-tech original equipment manufacturing model, and slowly but steadily moved up the value chain, upgrading its business model. Innovation has become extremely important in modern China, becoming a key national strategy for economic growth, and the government has developed intellectual property laws and other strategies to further encourage technological development and successful innovation.

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Copyright information

© The Author(s) 2020

Authors and Affiliations

  • Huang Zhong
    • 1
  • Lucia Winton
    • 1
  • Cary Krosinsky
    • 1
  1. 1.GuilfordUSA

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