From “world factory” to technological superpower: is China ready for global leadership in innovation?

 
PIIS013128120024377-5-1
DOI10.31857/S013128120024377-5
Publication type Article
Status Published
Authors
Occupation: Post-graduate student
Affiliation: Institute of Asian and African Studies Lomonosov Moscow State University
Address: 1 building, 11, Mohovaya st. 1125009, Moscow
Journal nameProblemy Dalnego Vostoka
EditionIssue 1
Pages63-79
Abstract

In recent years, China has been often touted as a "technological superpower" rather than the "world factory". The new concept implies the country's leadership in the field of new technologies and their significant role in its economy. At first glance, China's achievements in science and technology and growing exports of high-tech goods confirm this status.

China's innovation potential has grown significantly in recent years — the country gets regularly ranked top 20-30 in both Chinese and international innovation rankings. Moreover, the analysis of indicators related to China's independence in innovations shows an even more confident leadership of the country — up to the top 5 countries of the world.

At the same time, a quantitative assessment of factor contributions to economic growth shows that the contribution of new technology to GDP growth from 2000 to 2019 was 8-10%, while for the most part, growth was driven by traditional industries. Nevertheless, China's growth can no longer be called extensive in recent years, and the state's efforts to switch to high-tech drivers through large-scale programs, such as the construction of "new infrastructure," only bring China closer to the status of a "technological superpower". Although China cannot yet be called technologically independent, trends in recent years suggest that China may well reach the status of a world technological leader even before its GDP, measured in current exchange rates, exceeds that of the United States.

Acknowledgements:

 

The author expresses his gratitude to V.A. Melyantsev, Professor at the Institute of Asian and African Studies, Lomonosov Moscow State University, for his support in preparing this paper.

KeywordsChina, new technologies, information and communication technologies, innovations, economic growth
Received05.12.2022
Publication date17.03.2023
Number of characters34153
Cite  
100 rub.
When subscribing to an article or issue, the user can download PDF, evaluate the publication or contact the author. Need to register.

Number of purchasers: 0, views: 257

Readers community rating: votes 0

1. China Aims for Global Leadership in Robotics with new 5-year Plan. International Federation of Robotics. URL: https://ifr.org/ifr-press-releases/news/china-aims-for-global-leadership-in-robotics (accessed: 29.09.2022).

2. China ready to become a technological superpower. HDI. URL: https://www.hdi.global/infocenter/insights/2021/china-technological-superpower/ (accessed: 29.09.2022).

3. China's Innovation Index. National Bureau of Statistics of China. URL: http://www.stats.gov.cn/english/PressRelease/202111/t20211101_1824017.html (accessed: 29.09.2022).

4. Fishman T.C. The Chinese Century. The New York Times URL: https://www.nytimes.com/2004/07/04/magazine/the-chinese-century.html (дата обращения: 29.09.2022).

5. Global Competitiveness Report. World Economic Forum. URL: https://www.weforum.org/reports/the-global-competitiveness-report-2020/ (accessed: 29.09.2022).

6. Global Innovation Index (GII). World Intellectual Property Organization. URL: https://www.wipo.int/global_innovation_index/en/ (accessed: 29.09.2022).

7. Han P., Jiang W., Mei D. Mapping U.S.-China Technology Decoupling: Policies, Innovation, and Firm Performance. New York: Columbia Business School Publishing, 2022. 82 p.

8. Jorgenson D. W. Productivity: Information Technology and the American Growth Resurgence. Cambridge: The MIT Press, 2005. 446 p.

9. Jorgenson D.W., Stiroh K.J. Information Technology and Growth // American Economic Review. 1999. No. 89(2). Pp. 109–115

10. Kang M. China’s Smartphone Production Falls Under 70% for the First Time in 2019. Counterpoint Research. URL: https://www.counterpointresearch.com/chinas-smartphone-production-falls-70-first-time-2019/ (accessed: 29.09.2022).

11. Li K. Sverhderzhavy iskusstvennogo intellekta. Kitaj, Kremnievaya dolina i novyj mirovoj poryadok. (AI Superpowers: China, Silicon Valley, and the New World Order) M.: Mann, Ivanov i Ferber, 2019. (In Russ.)

12. McKinsey China Auto Consumer Insights 2019. McKinsey&Company. URL: https://www.mckinsey.com/industries/automotive-and-assembly/our-insights/china-auto-consumer-insights-2019 (accessed: 29.09.2022).

13. Mel'yancev V.A. Osnovnye tendencii, determinanty i problemy-protivorechiya sovremennogo ekonomicheskogo rosta v razvityh i razvivayushhihsya stranah (Main trends, determinants and problems of modern economic growth in developed and developing countries). Vostok (Oriens). 2021. № 5. PP. 203–215. DOI: 10.31857/S086919080016660–3. (In Russ.)

14. National Bureau of Statistics Annual Data 2000–2021. National Bureau of Statistics of China. URL: http://www.stats.gov.cn/english/Statisticaldata/AnnualData/ (accessed: 30.09.2022).

15. Naughton B. Understanding the Chinese Stimulus Package. Hoover Institution. URL: https://www.hoover.org/sites/default/files/uploads/documents/CLM28BN.pdf3 (accessed: 30.09.2022).

16. Ostrovskij A.V. Kitaj stanovitsya ekonomicheskoj sverhderzhavoj. (China is on its path to economic superpower). Rossijskaya akademiya nauk, Institut Dal'nego Vostoka. M.: Izdatel'stvo MBA, 2020. 496 s. (In Russ.)

17. Palandrani P. Four Companies Leading the Rise of Lithium & Battery Technology. Global X Japan. URL: https://globalxetfs.co.jp/en/research/four-companies-leading-the-rise-of-lithium-battery-technology/ (accessed: 29.09.2022).

18. Pieri F., Vecchi M., Venturini F. Modelling the joint impact of R&D and ICT on productivity: A frontier analysis approach. Research Policy. 2018. No. 1. Pp. 3–11 DOI:10.1016/j.respol.2018.06.013.

19. Pikover A.V. Ocherki social'no-ekonomicheskoj informatizacii i razvitiya elektronnoj kommercii KNR: monografiya. (Essays on Socio-Economic Informatization and e-Commerce Development in PRC). Rossijskaya akademiya nauk, Institut Kitaya i sovremennoj Azii. M.: IKSA RAN, 2022. 208 p. (In Russ.)

20. Seo H., Lee Y.S. Contribution of information and communication technology to total factor productivity and externalities effects. Information Technology for Development. 2006. No. 12(2). Pp. 159–173. DOI:10.1002/itdj.20021

21. Statistics on wages. International Labor Organization URL: https://ilostat.ilo.org/topics/wages/ (accessed: 30.09.2022).

22. The Bloomberg Innovation Index. Bloomberg. URL: https://www.bloomberg.com/graphics/2015-innovative-countries/ (accessed: 29.09.2022).

23. The Global Innovation Index (GII) Conceptual Framework. World Intellectual Property Organization. URL: https://www.wipo.int/edocs/pubdocs/en/wipo_pub_gii_2016-annex1.pdf (accessed: 29.09.2022).

24. Toader E., Firtescu B.N., Roman A., Anton S.G. Impact of Information and Communication Technology Infrastructure on Economic Growth: An Empirical Assessment for the EU Countries. Sustainability. 2018. No. 10. Pp. 37–50 DOI: 10.3390/su10103750

25. Wages in Manufacturing. Trading Economics. URL: https://tradingeconomics.com/country-list/wages-in-manufacturing (accessed: 30.09.2022).

26. World Development Indicators. World Bank. URL: https://databank.worldbank.org/reports.aspx?source=world-development-indicators (accessed: 30.09.2022).

27. Zhang K.H., Qiu L.D., Sun Q. et al. China as the World Factory. Zhang K.H. (Ed.). London: Taylor and Francis, 2006. 224 p.

28. 统计局解读2016年中国创新指数. (National Bureau of Statistics publishes 2016 China National Innovation Index). 中华人民共和国中央人民政府. URL: http://www.gov.cn/shuju/2017–12/07/content_5245126.htm (accessed: 29.09.2022) (In Chin.)

29. 新基建, 是什么?(What is “new infrastructure”?). 新华. URL: http://www.xinhuanet.com/politics/2020–04/26/c_1125908061.htm (accessed: 30.09.2022).

30. 央地政策频出 “新基建”点燃新年经济高质量发展引擎. (Policies of central and local governments to accelerate high-quality "new infrastructure" development in the new year). 新华. URL: http://www.news.cn/fortune/2022–02/18/c_1128389675.htm (accessed: 30.09.2022).

Система Orphus

Loading...
Up