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Industrial And Innovation Policy Of China

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... -pr sentation National distribution of science parks ZHONG GUANCUN SCIENCE PARK,BEIJING Highly Concentrated Human resourses Regulations on Zhong Guancun ... – PowerPoint PPT presentation

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Title: Industrial And Innovation Policy Of China


1
Industrial And Innovation Policy Of China
2
Profile of China
3
Overview(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

4
Overview(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

5
Overview(3)Chinas GDP in 1997
6
Key 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

7
Structure of the Economy2002( of GDP)
  • Agriculture 14.5
  • Industry 51.4
  • Manufacturing 44.5
  • Services 33.7

8
Structure of the Economy2002( of GDP)
  • Private Consumption 42.5
  • General Government Consumption 13.5
  • Imports of Goods and Services 26.5

9
Economic Zones
  • Special Economic Zones(SEZ)
  • Economic and Technological Development Zones

10
Special Economic Zones
  • Special Economic Zones (SEZ)Shenzhen,
    established in 1980Zhuhai, Shantou
    XiamenHainan Island
  • Special tax status
  • favorable investment climate for foreign
    investors

11
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12
SEZ 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)

13
Economic and Technological Development Zones
  • 14 coastal cities
  • more skilled and better educated work-force
  • better communications
  • better industrial infrastructure
  • a tradition of commerce

14
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15
National distribution of science parks

16
ZHONG GUANCUN SCIENCE PARK,BEIJING
  • LOCATED IN THE NORTHWEST PART OF BEIJING
  • CENTER AREA 80 km2
  • DEVELOPMENT AREA300 km2

17
Highly 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

18
Regulations 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.

19
INTERNATIONAL TRADE
  • Merchandise exports US325.6bn, and imports
    US295.2bn, surplus US30.4bn.

20
WTO 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

21
The 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

22
Perspective 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

23
Welcome to Beijing in 2008!!
  • The End
  • XINXIN TAN
  • ZHONG XIAO
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