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China: Challenges and Prospects from an Industrial and Innovation Powerhouse

Author

Listed:
  • PREZIOSI Nadir
  • FAKO Peter
  • HRISTOV Hristo
  • JONKERS Koen
  • GOENAGA BELDARRAIN Xabier
  • ALVES DIAS Patricia
  • AMOROSO Sara
  • ANNONI Alessandro
  • ASENSIO BERMEJO Jose Miguel
  • BELLIA Mario
  • BLAGOEVA Darina
  • DE PRATO Giuditta
  • DOSSO Mafini
  • FAKO Peter
  • FIORINI Alessandro
  • GEORGAKAKI Aliki
  • GKOTSIS Petros
  • GOENAGA BELDARRAIN Xabier
  • GREGORI Wildmer
  • HRISTOV Hristo
  • JAEGER-WALDAU Arnulf
  • JONKERS Koen
  • LEWIS Adam
  • MARMIER Alain
  • MARSCHINSKI Robert
  • MARTINEZ TUREGANO David
  • MUNOZ-PINEIRO Maria Amalia
  • NARDO Michela
  • NDACYAYISENGA Nathalie
  • PASIMENI Francesco
  • PREZIOSI Nadir
  • RANCAN Michela
  • RUEDA CANTUCHE Jose
  • RONDINELLA Vincenzo
  • TANARRO COLODRON Jorge
  • TELSNIG Thomas
  • TESTA Giuseppina
  • THIEL Christian
  • TRAVAGNIN Martino
  • TUEBKE Alexander
  • VAN DEN EEDE Guy
  • VAZQUEZ HERNANDEZ Cristina
  • VEZZANI Antonio
  • WASTIN Franck

Abstract

China is rapidly becoming a major industrial competitor in high tech and growth sectors. Its economic success and related industrial policies have received a high degree of attention, especially in light of its capacity to challenge the leading position of advanced economies in several fields. China aims, through the 'Made in China 2025' strategy, to become a world leader in key industrial sectors. In these sectors, it strives to strengthen its domestic innovation capacity, to reduce its reliance on foreign technologies while moving up in global value chains. This report analyses China's approach to attain a dominant position in international markets through a combination of industrial, R&I, trade and foreign direct investment policies. It offers an assessment of China's current position compared to the EU and US innovation systems across a range of dimensions. It concludes that China has become a major industrial competitor in several rapidly expanding high tech sectors, which may well result in attaining China's goal of becoming an innovation leader in specific areas. As a response, the EU will need to boost its industrial and R&I performance and develop a trade policy that can ensure a level playing field for EU companies in China and for Chinese companies in the EU.

Suggested Citation

  • PREZIOSI Nadir & FAKO Peter & HRISTOV Hristo & JONKERS Koen & GOENAGA BELDARRAIN Xabier & ALVES DIAS Patricia & AMOROSO Sara & ANNONI Alessandro & ASENSIO BERMEJO Jose Miguel & BELLIA Mario & BLAGOEVA, 2019. "China: Challenges and Prospects from an Industrial and Innovation Powerhouse," JRC Working Papers JRC116516, Joint Research Centre (Seville site).
  • Handle: RePEc:ipt:iptwpa:jrc116516
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    File URL: https://publications.jrc.ec.europa.eu/repository/handle/JRC116516
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    Cited by:

    1. Cong Cao & Jeroen Baas & Caroline S Wagner & Koen Jonkers, 2020. "Returning scientists and the emergence of China’s science system," Science and Public Policy, Oxford University Press, vol. 47(2), pages 172-183.

    More about this item

    Keywords

    China; Global Value Chains; M&As; FDI; Venture Capital; R&I; Genomics; Artificial Intelligence; Robotics; Quantum; Nuclear; New Vehicles; Wind Energy; Solar Photovoltaics; Industrial Leadership;

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