The People's Republic of China's Small and Medium Enterprise Development Strategies in the Context of a National Innovation System
With deregulation and globalization, and the direct impact of these developments on economies worldwide, it is necessary for authorities in the People's Republic of China (PRC) to consider an approach that would further attune its economic engine toward sustained growth.
This paper argues that certain industries, in particular the small and medium enterprise (SME) sector, may play a significant role in terms of any further reforms of the PRC's national innovation system. It highlights how issues such as innovation, research and development, and strategic clustering may influence the SME sector. It also outlines both internal as well as external conditions that may impact any further development of this sector.
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The views expressed in this paper are the views of the authors and do not necessarily reflect the views or policies of the Asian Development Bank Institute (ADBI), the Asian Development Bank (ADB), its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms.
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