Research PaperNo Access

Innovation-led Development: The Logic of China’s Economic Development

Jiasu Lei

Center for Enterprise Growth and National Economic Security Research, Tsinghua University, Beijing, P. R. China

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Qingzhi Zhang

School of Public Policy and Management, University of Chinese Academy of Sciences, Beijing, P. R. China

E-mail Address: zhangqz@ucas.ac.in

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, and

Yaoyuan Qi

China Aerospace Academy of Systems Science and Engineering, Beijing, P. R. China

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https://doi.org/10.1142/S2424862220500013Cited by:20 (Source: Crossref)

Abstract

In 2012, the Chinese government put forward the “Innovation-driven Development Strategy”, which has its theory origin as well as its practice and policy origin. At this stage, based on the reality of China’s economic development and the prominent role of “lead innovation” to economic development, China urgently needs to adjust the idea of “Innovation-driven Development” in the past to “Innovation-led Development” and should focus on encouraging and supporting “lead innovation” in order to achieve the purpose of the “steady growth and improve quality”.

Keywords:

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