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The Economic Model and Innovation System of Chinese Private Sector

In: The Governance Structures of Chinese Firms

Author

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  • Chun LIAO (廖春)

    (Shanghai Lixin University of Accounting and Finance)

Abstract

The business model and innovation system in the Chinese private sector are defined. They operate in a similar way to the US leading liberal market economies (the advanced English speaking countries). The firms in both business systems have a market-based firm’s governance structure and market-oriented innovation system. Such an innovation system supports IT industry, artificial intelligence, and other high technology development in the Chinese private sector. The success is manifest in the development of 5G, AI, ICT, e-commerce, Fintech, Internet of Things, smart logistics, smart city, and so on. The chapter focuses on how the business model and innovation system were built up during the period from the mid-1990s to the middle of the first decade of 21st century.

Suggested Citation

  • Chun LIAO (廖春), 2021. "The Economic Model and Innovation System of Chinese Private Sector," Innovation, Technology, and Knowledge Management, in: The Governance Structures of Chinese Firms, edition 2, chapter 0, pages 103-165, Springer.
    • Handle: RePEc:spr:innchp:978-3-030-52218-6_3
    DOI: 10.1007/978-3-030-52218-6_3
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