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Cover of Demystifying China's Innovation Machine

Demystifying China's Innovation Machine

by Marina Zhang

Book Details

Publisher:Oxford University Press
Published:2021-12-08
Pages:300
Format:BOOK
Language:en

Reading Info

About This Book

China's extraordinary economic development is explained in large part by the way it innovates. Contrary to widely held views, China's innovation machine is not created and controlled by an all-powerful government. Instead, it is a complex, interdependent system composed of various elements, involving bottom-up innovation driven by innovators and entrepreneurs and highly pragmatic and adaptive top-down policy. Using case studies of leading firms and industries, along with statistics and policy an

Our Review

This book offers a compelling counter-narrative to the common Western perception of China's technological rise as a state-directed monolith. Marina Zhang meticulously argues that China's innovation system is a complex, adaptive machine powered by a dynamic interplay between bottom-up entrepreneurial energy and highly pragmatic, experimental government policy. Through detailed case studies of leading firms and industries, supported by robust statistics and policy analysis, she deconstructs the myth of an all-powerful central government pulling all the strings.

What makes this analysis so vital is its focus on the chaotic, market-driven forces and the "permissionless" innovation that often operates outside formal state plans. Readers seeking to understand the real drivers of China's economic competitiveness, from venture capitalists to policymakers, will find an indispensable guide to the system's internal logic. Zhang provides a crucial framework for anyone looking beyond headlines to grasp the nuanced, co-evolving relationships that truly fuel China's ascent as a global innovation powerhouse.

Themes

Business & Economics

Subjects

Business & Economics