Innovation-led Development: The Logic of China's Economic Development

摘要

In 2012, the Chinese government put forward the "Innovation-driven Development Strategy", which has its theory origin as well as its practice and policy origin. At this stage, based on the reality of China's economic development and the prominent role of "lead innovation" to economic development, China urgently needs to adjust the idea of "Innovation-driven Development" in the past to "Innovation-led Development" and should focus on encouraging and supporting "lead innovation" in order to achieve the purpose of the "steady growth and improve quality".