Title: Industrial And Innovation Policy Of China
1Industrial And Innovation Policy Of China
2Profile of China
3Overview(1)
- 1966 the eruption of Culture Revolution(the most
severe setback and biggest loss since the
founding of China) - 1978 the central government made the strategy
decision shifting the focus of work to socialist
modernization and define the guiding policy and
opening up to the outside world -
4Overview(2)
- 1992 the goal setting to establish the system of
socialist market economy(a major step was made in
the reform of the pricing system, public
finance,taxation,banking,foreign trade and
foreign exchange and notable results were
achieved) - 1996 Chinas economy realized soft land
5Overview(3)Chinas GDP in 1997
6Key Economic Ratios(2002)
- GDP(USbillion) 1,232.7
- Exports of goods and services/GDP 29.5
- Gross domestic savings/GDP 44.0
- Gross national savings/GDP 43.8
- Current account balance/GDP 2.9
- Interest payment/GDP 0.5
- Total debt/GDP 12.6
- Total debt service/exports 6.1
7Structure of the Economy2002( of GDP)
- Agriculture 14.5
- Industry 51.4
- Manufacturing 44.5
- Services 33.7
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8Structure of the Economy2002( of GDP)
- Private Consumption 42.5
- General Government Consumption 13.5
- Imports of Goods and Services 26.5
9Economic Zones
- Special Economic Zones(SEZ)
- Economic and Technological Development Zones
10Special Economic Zones
- Special Economic Zones (SEZ)Shenzhen,
established in 1980Zhuhai, Shantou
XiamenHainan Island - Special tax status
- favorable investment climate for foreign
investors
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12SEZ continued
- low wage, cheap land and convenient geographic
location (water and air transportation) - export tax waived
- import duties and other taxes waived
- after-tax profits to be repatriated without
penalty - decentralization of authority (red-tape reduced)
13Economic and Technological Development Zones
- 14 coastal cities
- more skilled and better educated work-force
- better communications
- better industrial infrastructure
- a tradition of commerce
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15National distribution of science parks
16ZHONG GUANCUN SCIENCE PARK,BEIJING
- LOCATED IN THE NORTHWEST PART OF BEIJING
- CENTER AREA 80 km2
- DEVELOPMENT AREA300 km2
17Highly Concentrated Human resourses
- 39 leading universities and 213 research
institutes - 400,000 on-campus students100,000 graduates
each year - 11,000 high-tech companies1,500 foreign funded
18Regulations on Zhong Guancun Science Park
- Protecting the legitimate interests of the
investors and the enterprises - Protecting IPR
- Protecting the fair competition among the
enterprises under market conditions.
19INTERNATIONAL TRADE
- Merchandise exports US325.6bn, and imports
US295.2bn, surplus US30.4bn.
20WTO Membership
- A huge potential market with 1,3 billion people
- A better trade environment and fair
- disputy settlement mechanism
- Challenge and chance to Chinese enterprises
21The Problems in the Development
- Unemployment
- Enlargement of the gap between the rich and the
poor - Corruption
- Entironment and energy
- Large population
- Lag of system reform
22Perspective of Chinas Economy
- Improvement of the quality of labor
- Institutional adaptation
- The opening to the world(the entrance of WTO)
- 2008 Olympic Games
- 2010 World Exposition
23Welcome to Beijing in 2008!!
- The End
- XINXIN TAN
- ZHONG XIAO