Innovation in China

China is in the midst of transitioning from a manufacturing-based economy to one driven by innovation and knowledge. In this up-to-date investigation, leading experts evaluate China's state-led approach to science and technology and provide a comprehensive analysis of which policies have contributed to its successes and failures, and its future-- "China is in the midst of transitioning from a manufacturing-based economy to one driven by innovation and knowledge. This up-to-date analysis evaluates China's state-led approach to science and technology, and its successes and failures. In recent decades, China has seen huge investments in high-tech science parks, a surge in home-grown top-ranked global companies, and a significant increase in scientific publications and patents. Helped by a flexible business culture, state policies that favor domestic over foreign enterprises, and a still-immature intellectual property rights system, the country has been able to leapfrog its way to a more globally competitive position in the international division of labor. However, the authors argue that this approach might not yield the same level of progress going forward if China does not address se