High-tech Industries in China

Reference & Research Book News, August, 2005

HC430

2005-041568

1-84542-199-X

High-tech industries in China.

Chen-Hsun, Chen and Hui-Tzu Shih. (Advances in Chinese economic studies series)

Edward Elgar Pub. Co., [c]2005

155 p.

$75.00

Chen-Hsun and Hui-Tzu, both from the Chung-Hua Institution for Economic Research in Taipei, examine Chinese high-tech industry policy, the emergence of industrial clusters, the R & D activities of multinational corporations operating in China, and the prospect of commercialization of high-tech achievements. They argue that since commercialization has become the ultimate objective of innovation activity, the relationship between R & D facilities, the local economy and local enterprises has become closer, thereby boosting the technology innovation capability of the corporate sector. They conclude that China still has no effective mechanism for high-risk investment, which makes securing financing difficult for high-tech enterprises.