Abstract
Innovation is the powerful headspring that makes the economy and society continue with sustainable development, and how to innovate is a current research issue all over the world. The purposes of this research are to examine Chinese-style innovations and to analyze the influence of Chinese-style innovation on the international market in the current economic times. From multiple perspectives of institutional innovation as well as scientific and technological innovation, the content, characteristics and connotation of Chinese-style innovation are comprehensively expounded and analyzed through the collection, combination and exploration of innovation, especially in Chinese-style innovation literature and interviews with relevant scholars, experts and enterprises. Then, the fit of Chinese-style innovation and characteristics of the new economic era are systematically described. Based on the exploration of international repercussions of Chinese-style innovation from both macro and micro aspects, the mechanism of Chinese-style innovation’s influence on China’s international market is also analyzed. In China, the underlying concept has not been well investigated before, therefore there is a gap in which to do research in this area. In accordance with the current research, a conceptual model for the new economic era, Chinese-style innovation and China’s international repercussions is established. This study finds that the influence of Chinese companies in research and development has significantly improved, the all-round and multi-domain pattern of Chinese enterprises’ overseas development has gradually taken shape, Chinese companies’ overseas social responsibility is growing, the overseas competitiveness of Chinese companies has gradually increased, the overall strength of China’s science and technology has gradually gained international recognition and its international repercussions have improved significantly.
Highlights
Today we live in a vibrant and tempestuous global community, where innovations have been the primary chores of mankind throughout history [1]
While doing well in R & D and service, Chinese style innovation did not withdraw from the product processing area and formed an international brand made in China
On the basis of above research, overseas influence of Chinese-style innovation has been comprehensively explored from the macro and micro levels
Summary
Today we live in a vibrant and tempestuous global community, where innovations have been the primary chores of mankind throughout history [1]. When innovation becomes an urgent desire for the survival and development of a country or a nation faced with the pressure of Western systems such as science, technology, culture and other innovations, international and domestic mainstream scholars believe that China has rarely created new theoretical achievements for human beings in the past century. A professor of Chinese studies at Brown University in the United States pointed out that Chinese-style innovation is increasingly becoming an indispensable condition for any company that expects to succeed in the global market He believed that all those involved in international business should see China as a market but rather as the best place to learn how to quickly commercialize ideas, how to turn ideas into products, put them into mass production and quickly occupy the market [9]. It will help to analyze the relationship amongst the New Economic Era, Chinese-style innovation and the International Repercussions of such innovations, hoping to provide valuable conclusions and reflections for follow-up scholars and relevant practitioners
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