Want China Times
By: Chang Ta-wei
In order to accelerate industrial upgrading, the Chinese government has highlighted innovation
in introducing foreign technology and encouraging the production of innovative products and employment of innovative business models, as evidenced by the rollout by the State Council in late March of the “opinions on accelerated implementation of innovation-driven development strategy,” calling for the intensification of industrial innovation.
This is the first time China has specifically embraced “innovation” as a driving force for industrial development, an approach which will pose strong competition to Taiwan, which has long traded on its innovative competitiveness. [FULL STORY]