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Contemporary Innovation in China

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  • Y. Ling Lo
  • Yanqiong Li
  • Kam C. Chan

Abstract

We discuss the development of contemporary innovations in China and how these innovations influence its economic success. Specifically, we present contemporary innovations of mobile payments, shared bicycles, WeChat, high-speed rail, and human-less hotels; we discuss how these innovations enhance the welfare of consumers, performance of firms, and economic growth. These innovations have helped to promote the Chinese economy by increasing its efficiency and reducing transaction costs. Thus, the fast economic growth in China is accompanied with improved quality of life among Chinese people.

Suggested Citation

  • Y. Ling Lo & Yanqiong Li & Kam C. Chan, 2019. "Contemporary Innovation in China," Chinese Economy, Taylor & Francis Journals, vol. 52(5), pages 387-399, September.
    • Handle: RePEc:mes:chinec:v:52:y:2019:i:5:p:387-399
    DOI: 10.1080/10971475.2019.1617925
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    Cited by:

    1. Haiwen Zhou, 2023. "State Capacity and Leadership: Why Did China Take off?," Chinese Economy, Taylor & Francis Journals, vol. 56(1), pages 50-68, January.
    2. Xu, Aiting & Qiu, Keyang & Jin, Canyang & Cheng, Caijuan & Zhu, Yuhan, 2022. "Regional innovation ability and its inequality: Measurements and dynamic decomposition," Technological Forecasting and Social Change, Elsevier, vol. 180(C).

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