Want China Times
Date: 2015-04-08
By: Chang Ta-wei

In order to accelerate industrial upgrading, the Chinese government has highlighted innovation

The Wuhan Optical Valley Software Park in Hubei province. (File photo/Xinhua)

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]