Question

pls get it in detail, and use refencens as support:

1.The positions factors impacts on innovation economy in China?

2. The negatives factors impacts on innovation econmy in China?

Answer 1

1.China was the worlds largest economy in the year 1820 and is still on the second largest list among the economy today.It has lifted more people out of poverty than any other country.China experienced an average GDP growth close to 9.8% per year.With the economic boom china's level of innovation has also been increasing rapidly.Innovation performance has already been a crucial factor for national competitiveness.According to a report by the organisation for economic cooperation and devlopnment (OECD) innovation is the result of a complex interaction between various actors and instituions.The different factors of the innovation system have different effects:innovation infrastruture,including the level of openess of a region and government expenditure

2.Despite the progressive growth there has also been negative impacts on china.China's formidable economic growth given the high and constant growth rates of its gross domestic product (GDP) suffered a setback that had a negative impact on its economy which was driven by the industralization and focused basically on the adaption and imitation of traditional technologies of the developed countries.Increase in R&D expenditure alone do not gurantee a greater generation of innovation.Instead of generation a diffusion technology,the more developed regions induce negative effects on the developnment of the others.