Innovation in China

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Presentation focusing on recommendations to educational reform & strategic financing initiatives to small-medium-sized enterprises to promote China’s long-term economic. sustainability

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  • Alfred’s Slide
  • Innovation in China

    1. 1. Innovation In China Tsinghua University MBA Executive Global Immersion Program 2/10/2013 Alfred Dang
    2. 2. Agenda Definition of Innovation-Based Economy Why Must China’s Economy Change? China’s Economic History Analysis Recommendations Conclusions
    3. 3. Why Change? Innovation-Based Economy involves sustaining growth through business innovation, rather than manufacturing & infrastructure Need for Change:  Efficiency driven & manufacturing economy inefficient  Manufacturing economy loosing competitive advantage  China is becoming more attractive for consumers than manufacturing
    4. 4. Modern Chinese Economy 1970’s Realization that the centrally planned economy had failed. 1980’s Special Economic Zones were implemented. First in four costal regions, then in 14 costal cities. 2001 China was accepted into the WTO
    5. 5. Innovation in Academia Why lack of innovation? Self-directed research for academic staff Staff recommendations to university deans Ministry of Education review its policy on ‘politically sensitive research’ National academic research database
    6. 6. What is an SMESmall to medium sized enterprisesGuidelines for SME varies acrossindustry by either assets, revenues,employees, or a combination99 percent of the total # of firms inChina
    7. 7. Significant Economic & Innovative Force
    8. 8. Institution Based Barriers
    9. 9. Supporting SMEs Facilitate access to financing Increase competitive fairness Streamline laws and regulations
    10. 10. Recommendations Building on SME Promotion Act more feasible than changes to academic system Issues that need to be addressed to benefit SME’s, would also benefit border economic development Role successful innovation can play broader economic life demonstrated by Shui On Group

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