Has the innovation present situation of Chinese enterprises been improved: an analysis based on the status, problems and solution

Abstract

Innovation is the core of national competitiveness and the leading driving force for economic and social development. With the deepening of the Made in China 2025, the innovation ability of Chinese enterprises has greatly improved. We analyse the internal factors and external factors that affect the innovation ability of Chinese enterprises. Using five indicators, such as the number of research institutions, the expenditure of new product development, the sales revenue of new products, the number of patent applications, and the number of invention patents, we analyse the innovation ability and innovation characteristics of Chinese enterprises. Furthermore, we compare and analyse the differences of enterprise innovation ability in different industries and under different ownership systems, and elaborate the problems of Chinese enterprise innovation, so as to put forward some suggestions on making innovation plan and improving innovation ability of Chinese enterprises.