University-Industry-Government Relations in China: An emergent national system of innovations

TL;DR

Since 1992, China has been developing a new innovation system emphasizing university-industry-government relations, supported by policies like science parks and intellectual property laws to foster market-oriented technological growth.

Contribution

This paper analyzes the emergence of China's integrated innovation system, highlighting institutional shifts and policy measures that promote knowledge-based economic development.

Findings

Growth of science parks, incubators, and high-tech zones.

Government policies support market-oriented innovation.

Legal reforms facilitate venture capital and knowledge transfer.

Abstract

Since 1992, a new Chinese innovation system has been emerging in terms of university-industry-government relations. In recent years, science parks, incubators, and high-tech development zones have been provided with strong incentives. The commitment of the Chinese government to the further introduction of a market economy has been elaborated with a focus on the knowledge-base. The model of institutional adjustments has been replaced with systemic and evolutionary thinking about niche development and human resource management. Government interventions remain important for interfacing knowledge-based developments with those on the market. For example, new legislation on issues of "intellectual property rights" is crucial to the absorption of venture capital into these developments.