Foundations for Policy Consensus
In this chapter, we first survey China’s surprising rapid economic growth, extending over almost three decades, and examine China’s shifting strategy toward innovation and domestic consumption-driven gross domestic product (GDP) growth. After exploring China’s global competitiveness and competitiveness landscape, we examine data on innovation and entrepreneurship, economic freedom and ease of doing business. We then present the results of our Experts Workshop held at Zhangjiang Science Park, Shanghai, to better understand the innovation ecosystem at the park and in the Shanghai region. Next, a series of case studies are presented, showcasing Chinese innovation in all its varieties. We conclude by summarizing the results and examining some of the key issues facing China’s efforts to re-establish its economy on the basis not just solely on production efficiency, but also creativity and innovativeness.
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