Chinese enterprises have relied on importing technology and
imitation as their main technology strategies in the past. Based on
analysis of cross-countries' case studies and the history of
industrial innovation, the authors proposed the concept of
industry-driven basic research and expounds the important role of
scientific discovery in industrial technological innovation. They
are convinced that both the government and enterprises should focus
on industry-driven basic research in order to bridge the gap
between the government's target and what enterprises actually do in
China. The challenge remains to be seen if China can transform
Science and technology investment into real industrial innovation
capability.
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